Legal Question in Wills and Trusts in Pennsylvania

Trust

What exactly does a revocable trust agreement mean?

If it means that it can be changed then who has the authority to do so?


Asked on 3/02/04, 12:22 am

1 Answer from Attorneys
Steven Rothberg Law offices of Steven D. Rothberg

Re: Trust

A trust is an entity with powers conferred by an Agreement. The Agreement gives the trust powers, and distinguishes how it will operate. A Revocable Trust normally can terminate at some point based upon action taken by the trustee or some other person given authority to cause a termination.

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Answered on 3/02/04, 9:53 am


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