Area of Law:
This is an example of a Revocable Trust, which is also known as a Living Will or a Living Trust. The idea behind this document is that you are making a trust, but you can revoke it. A Revocable Trust is not creditor proof but is used as a means of tax planning. As with all Free Legal Aid forms, this sample document is intended to be used for your edification. You should hire an attorney to walk you through the tax ramifications of your estate planning.