I have a living revocable trust and my home has been titled in the name of the trust. My mortgage will be paid off soon.
Living trusts can be either "revocable" or "irrevocable." Revocable trusts allow you to retain control of all the assets in the trust, and you are free to revoke or change the terms of the trust ...
Trusts are flexible and can be used during the grantor’s lifetime (living trusts) or after death (testamentary trusts). Living trust: Created during the grantor’s lifetime and allows assets to ...