Question by  PallavJain (16)

What happens to land in a revocable trust?


Answer by  shalom (271)

If the person that makes the trust validly revokes the trust before he or she dies, then the land does not pass as explained in the revocable trust. Rather, the property passes via another valid will or trust or via probate if there isn't a will or trust.


Answer by  notorious (249)

The trustee holds legal title for the benefit of the beneficiary. The trust can be revoked. Trusts are complicated things that really depend on the specifics of a given situation, as well as the laws that govern them. Check with a specialized attorney for accurate answers for your specific circumstance.


Answer by  greysquirrel (239)

The trustee holds actual title, but the beneficiary holds all control (e. g. , can live on it, enhance it, collect rent from it).

Reply by jlaird (190):
And if the trust is revoked, all benefits once enjoyed by the beneficiaries are no obligated to be granted to the beneficiaries.  add a comment
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