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.
- News
- 1 min read
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Scott Rahn, Founding Partner of RMO LLP, was recently quoted by Barron’s in an article on the growing challenges of preserving cryptocurrency assets for [...]
Scott Rahn, Founding Partner of RMO LLP, was recently quoted by Barron’s in an article on the growing challenges of preserving cryptocurrency assets for […]
- News
- 1 min read
- Published on
RMO LLP is proud to announce that Meghan Glaspy, Melanie Cohen, and Meagan Paisley have been named to the 2027 Southern California Super Lawyers [...]
RMO LLP is proud to announce that Meghan Glaspy, Melanie Cohen, and Meagan Paisley have been named to the 2027 Southern California Super Lawyers […]
- News
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RMO LLP is proud to announce that partners Scott Rahn, Sean Muntz, and Mathew Wrenshall have been named to the 2027 Southern California Super [...]
RMO LLP is proud to announce that partners Scott Rahn, Sean Muntz, and Mathew Wrenshall have been named to the 2027 Southern California Super […]
- News
- 2 min read
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In a recent USA TODAY article, RMO LLP partner Scott Rahn discussed the growing risk of inheritance and estate disputes involving adult children who [...]
In a recent USA TODAY article, RMO LLP partner Scott Rahn discussed the growing risk of inheritance and estate disputes involving adult children who […]
- Inheritance Disputes
- 17 min read
- Published on
Key Takeaways Introduction A transfer-on-death deed is an estate planning tool that can be used to transfer property from an owner to a beneficiary [...]
Key Takeaways Introduction A transfer-on-death deed is an estate planning tool that can be used to transfer property from an owner to a beneficiary […]
- Trustee Removal, Suspension, Resignation
- 16 min read
- Published on
Key Takeaways Introduction The trustee role is crucial for ensuring that a trust is administered responsibly and in accordance with the instructions clearly laid [...]
Key Takeaways Introduction The trustee role is crucial for ensuring that a trust is administered responsibly and in accordance with the instructions clearly laid […]
- Will Contest
- 18 min read
- Published on
Key Takeaways Introduction It happens far too often that a wealthy family that has always been close and harmonious runs into conflict because of [...]
Key Takeaways Introduction It happens far too often that a wealthy family that has always been close and harmonious runs into conflict because of […]
- Trust & Will Contests
- 16 min read
- Published on
Key Takeaways Introduction A no-contest clause is a legal mechanism used to protect trusts and wills against frivolous or unwarranted disputes. In many estate [...]
Key Takeaways Introduction A no-contest clause is a legal mechanism used to protect trusts and wills against frivolous or unwarranted disputes. In many estate […]
- Inheritance Disputes
- 18 min read
- Published on
Key Takeaways Introduction Unfortunately, the process of having to sort through an inheritance often brings out the worst in people. As if losing a [...]
Key Takeaways Introduction Unfortunately, the process of having to sort through an inheritance often brings out the worst in people. As if losing a […]
- Probate Litigation
- 19 min read
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Key Takeaways Introduction One of the most frustrating aspects for families navigating probate is that every probate case is different, and it can be [...]
Key Takeaways Introduction One of the most frustrating aspects for families navigating probate is that every probate case is different, and it can be […]
- Trust Litigation
- 13 min read
- Published on
Key Takeaways Introduction Narcissists thrive off of manipulation and control, often seeking power for themselves, which can create a terrible formula when you introduce [...]
Key Takeaways Introduction Narcissists thrive off of manipulation and control, often seeking power for themselves, which can create a terrible formula when you introduce […]
- News
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Scott Rahn was featured in USA TODAY in an article examining the rising legal costs and disputes associated with inheritances. As the largest intergenerational [...]
Scott Rahn was featured in USA TODAY in an article examining the rising legal costs and disputes associated with inheritances. As the largest intergenerational […]