Understanding Revocable Trusts | Practical Law
A Practice Note explaining how revocable trusts fit into estate planning and discussing key revocable trust drafting considerations. This Note focuses on the laws set out in the Uniform Trust Code and identifies notable state exceptions. This Note addresses requirements for a valid revocable trust, types of property revocable trusts can hold, using a revocable trust with a pour-over will, and when revocable trusts are a good fit as the main vehicle for transfers at death.