Should You Hire A Revocable Living Trust Attorney
A trust is an arrangement where a single person, called a trustee, holds the legal title to the property for another person and is called a beneficiary. You can be the trustee of your living trust who keeps whole control over the entire property held in the trust. Infact a living trust is generally a trust that you create while you are alive instead of the one which is created at the time of your death and especially under your will. So, these beneficiaries whom you name in your living trust acquire the trust property at the time of your death. Contrary to the revocable trusts, the irrevocable one cannot be called up or modified after they got registered. Look, even if you make a revocable trust Wisconsin, you would always need an attorney as only an attorney will provide you the backup plan for the property that turns it into your trust. For instance, if you obtain new property and you haven't added it to your trust before your death, then the property would not pass in any case under the