What is a revocable trust?

A revocable trust is a type of legal trust that can be changed, revoked, or amended while the person creating the trust is still alive. This type of trust is often used to manage assets and protect them from creditors, while ensuring that the assets are held for the benefit of a specified beneficiary. In the context of disability planning law in Washington, a revocable trust may be used to protect assets that a person wishes to transfer to someone else while they are still alive, or to protect assets from being subject to a creditors’ claims after the trust creator’s death. A revocable trust allows the trust creator to retain control over the funds and assets, and also allows them to amend or revoke the trust if there is a change in circumstances. In Washington, a revocable trust can be used as part of an overall disability planning strategy, ensuring that assets are managed properly and that beneficiaries are taken care of in the event of a disability or death.

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What is a revocable trust?

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