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Budgeting And Debt Management
Jonathan Kozlowski edited this page 9 months ago
1 ~ A revocable living trust. These trusts are "revocable" because, as long as you're mentally competent, you can change or end the trust at any time, for any reason. You need no one's permission to do.
The living trust Marilyn and George created specified two new trusts, referred to as an A/B trust, and could well be set up when very first spouse was killed. The living trust also specified that (a) the surviving spouse would serve as trustee for this "B" trust