Assertion: revocable trust | /r/HasProperty | created
Facets:
value: by writing a trust agreement
type: MANNER
value: during the trustor's lifetime
type: TEMPORAL
Source sentences:
text: A revocable trust, like a living trust, is created during the trustor's lifetime.
text: It is created to address any estate accumulated during that person's lifetime or generated as a result of a postmortem lawsuit, such as a settlement in a survival claim, or the proceeds from a life insurance policy held on the settlor.
text: A revocable trust is created by writing a trust agreement.
text: A testamentary trust (or will trust) is created when an individual dies and the trust is detailed in their last will and testament.
text: After death, the will must go through probate to determine its authenticity before the testamentary trust can be created.
text: All revocable trusts are living trusts because of the way they are created.
text: The terms of the irrevocable trust can not be changed without beneficiary approval after it is created.