Assertion: trust's grantor | /r/HasProperty | alive
Facets:
value: no longer
type: TEMPORAL
value: to make changes
type: PURPOSE
Source sentences:
text: A living trust designates a trustee to manage assets for the beneficiary, while the grantor is still alive.
text: If the trust is created while the grantor is still alive, it is called a living trust or an inter vivos trust.
text: A trust that is set up while the grantor is alive (also known as an inter vivos trust).
text: A trust that is set up while the grantor is alive (also known as an inter vivos trust).
text: It also states how the trustee should distribute the income from trust assets while the grantor is alive, and how the assets or income should be distributed to the beneficiaries after the grantor's death.
text: Living trusts become effective while the grantor is alive.
text: The grantor and trustee can be the same person if the trust goes into effect while the grantor is still alive.
text: A trust can also change from revocable while the grantor is alive, to irrevocable after he or she passes away.
text: A trust fund is typically a living trust, one that's formed while the grantor or creator of the trust is still alive.
text: By definition, this type of trust is irrevocable because the grantor is no longer alive to make changes to it.