A revocable trust (also known as a living trust) is a trust that can be managed and changed by its creator (or grantor). An irrevocable trust is a trust that cannot be modified after it is created ...

They also have different tax implications. Also known as a living trust, revocable trusts can be altered throughout the grantor's life and even canceled (although technically a living trust doesn ...

A revocable trust, also known as a living trust, is a flexible estate planning tool. "You retain control of your assets within a revocable trust during your lifetime," says Ryan Langan ...