Revocable Living Trust

What is Revocable Living Trust?

A legal entity created to hold ownership of a living individual's assets. The person who forms the trust is called the grantor or trust maker, and in most cases, also serves as the trustee, controlling and managing the assets placed there.

Further Reading

For more detailed information, see our related Wills Trusts And Estates terms:

• Cestui Que Trust
• Trust Corpus
• Reversionary Interest

Reviewed by

Stephanie Bagnall

Licensed Attorney and Legal Researcher

Stephanie Bagnall is a Georgia-licensed attorney and legal researcher with experience in accessibility law, compliance, employment law, and legal writing. She helps develop and review BarPrepHero's Legal Terms content for clarity, accuracy, and usefulness to bar exam students.

View Stephanie on LinkedIn