What is a Revocable Living Trust?

Do you know the difference between a revocable living trust and an irrevocable trust? Joe Ranni, Esq. of Ranni Law Firm PLLC gives you answers to many questions including: What is a revocable living trust? What is the purpose of a living revocable trust? When do you need a revocable living trust? Who should have a revocable living trust? How does a revocable living trust work? Does it work differently for blended families, or unmarried couples? What is the difference between revocable trust and living trust? Does a revocable living trust become irrevocable upon death? How often should you update a revocable living trust? Is there a limit to the number of beneficiaries with a revocable living trust? Are there any disadvantages of creating a revocable living trust? Can you have both a revocable living trust and an irrevocable trust? What happens in case of divorce? Can I write my own revocable living trust?

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