Related Definitions
What is a Living Trust?
A legal arrangement in which assets are transferred to a trust during a person’s lifetime to avoid probate and manage their estate.
A trust established during a person’s lifetime that allows for the management and distribution of assets while the grantor is alive and after their death. A living trust can help avoid probate, provide flexibility in asset management, and offer privacy regarding the distribution of assets. The grantor can modify or revoke the trust as long as they are alive and competent, making it a versatile estate planning tool.
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Related Articles
Insights and advice on trust and probate estate litigation from our blog.
- Media Mentions
- 1 min read
- Published on
Matthew Bourque, Managing Partner of RMO’s Texas offices, was recently featured as a guest on the Leadership in Law podcast with host Marilyn Jenkins. [...]
Matthew Bourque, Managing Partner of RMO’s Texas offices, was recently featured as a guest on the Leadership in Law podcast with host Marilyn Jenkins. […]
- Media Mentions
- 1 min read
- Published on
In a recent article published by The Daily Upside, RMO LLP founding partner Scott Rahn discussed how the growing prevalence of cognitive decline, including [...]
In a recent article published by The Daily Upside, RMO LLP founding partner Scott Rahn discussed how the growing prevalence of cognitive decline, including […]
- Media Mention
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In an episode of Probate Weekly, Scott Rahn, founding partner of RMO LLP, joined host Bill Gross to discuss the real-world role of an [...]
In an episode of Probate Weekly, Scott Rahn, founding partner of RMO LLP, joined host Bill Gross to discuss the real-world role of an […]
- Media Mention
- 1 min read
- Published on
Mathew Wrenshall, Managing Partner of RMO LLP in Pasadena, joined Bill Gross and Probate Weekly for a practical discussion on will and trust contests [...]
Mathew Wrenshall, Managing Partner of RMO LLP in Pasadena, joined Bill Gross and Probate Weekly for a practical discussion on will and trust contests […]
- Power of Attorney
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- Published on
Key Takeaways Introduction A power of attorney document grants an individual the authority to make decisions on the document creator’s behalf. The type of [...]
Key Takeaways Introduction A power of attorney document grants an individual the authority to make decisions on the document creator’s behalf. The type of […]
- News
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What happens when a law firm grows faster than its people can handle? Scott Rahn, founding partner of RMO LLP, sat down with Steve [...]
What happens when a law firm grows faster than its people can handle? Scott Rahn, founding partner of RMO LLP, sat down with Steve […]
- News
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In a recent Moneywise article, RMO LLP founding partner Scott Rahn discussed the legal questions that can arise when evidence surfaces of a previously [...]
In a recent Moneywise article, RMO LLP founding partner Scott Rahn discussed the legal questions that can arise when evidence surfaces of a previously […]
- News
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RMO LLP is proud to announce that Tara Burd and Uzzell Branson have been named to the 2027 San Diego Super Lawyers list, while [...]
RMO LLP is proud to announce that Tara Burd and Uzzell Branson have been named to the 2027 San Diego Super Lawyers list, while […]
- News
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Key Takeaways RMO LLP is pleased to announce that Jennifer Lefton has joined our Orange County office as a Senior Attorney. Lefton represents trustees, [...]
Key Takeaways RMO LLP is pleased to announce that Jennifer Lefton has joined our Orange County office as a Senior Attorney. Lefton represents trustees, […]
- News
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Even extensive estate planning cannot guarantee that disputes will not arise after a person’s death. In a recent Billboard article examining litigation involving Dolly [...]
Even extensive estate planning cannot guarantee that disputes will not arise after a person’s death. In a recent Billboard article examining litigation involving Dolly […]
- News
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Scott Rahn, Founding Partner of RMO LLP, was recently quoted in a MoneyLion article discussing the essential estate planning steps cryptocurrency owners should take [...]
Scott Rahn, Founding Partner of RMO LLP, was recently quoted in a MoneyLion article discussing the essential estate planning steps cryptocurrency owners should take […]
- News
- 2 min read
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In a recent U.S. News & World Report article examining the financial advantages and disadvantages of young adults living with their parents, Scott Rahn, [...]
In a recent U.S. News & World Report article examining the financial advantages and disadvantages of young adults living with their parents, Scott Rahn, […]