A revocable living trust set up by a person for the benefit of his/her children from a prior marriage may be revoked by the second spouse upon the death of the person who set up the trust.

Question

Quizplus · Accepted Answer

A revocable living trust is controlled by the person who set it up (the grantor) and can only be altered or revoked by the grantor during their lifetime. Upon the grantor's death, the trust typically becomes irrevocable, meaning the second spouse would not have the authority to revoke it.

A Revocable Living Trust Set Up by a Person for the Benefit