will substitute Flashcards
1
Q
how do RTs compare to wills?
A
same basic function
not subject to wills requirements
2
Q
how is a RT funded?
A
during life
pourover trust
3
Q
who really controls a revocable trust?
A
settlor
may change or revoke at any time
4
Q
who does the trustee owe duties to in a revocable trust?
A
settlor
5
Q
steps to trying to amend RT
A
look to trust provision first
if not, any method manifesting S intent by clear and convincing EV
6
Q
What can S do with a RT
A
Revoke or amend at any time
