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Do I give up control to my trustee if I create a revocable or living trust?

 

A:

No. As long as the trust is revocable and you are competent, you can be the trustee and can retain  full control and even the ability to terminate the trust.  However, thesse very powers cause the assets to be available to your creditors if you are divorced or sued, and they remain taxable.





David M Frees III, EsquireDavid M. Frees III
dfrees@utbf.com
610-933-8069

If you:
1.) have been appointed as an executor or trustee, or
2.)  want to create a will, trust, power of attorney, a comprehensive estate plan, or
3.) are worried your will is out of date or no longer says what you want, or
4.) think that you might need a trust or estate plan that really works and holds up....

Then call and ask one of David's assistants at 610-933-8069 to set up an appointment and to see if you can work directly with David or one of his partners, or associates.

It may be one of the most important calls that you ever make.

David Frees on Twitter: http://www.Twitter.com/davidfreesesq
David Frees on LinkedIn: http://www.linkedin.com/in/davidfrees
Unruh, Turner, Burke, and Frees Estate Planning Blog: http://www.utbf.com/trust-estate
Executor and Estate Planning Blog: http://paestateplanners.com/
What do clients and lawyers say about David M. Frees III? Click here for more information.
Do you have a family dispute involving a will, trust, estate or family business?
Are you looking for a way to avoid the high costs and delays of litigation?
Trying to find a way to keep family relationships intact?



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Phoenixville
120 Gay St.
Phoenixville, PA 19460
Phone: (610) 933-8069
Fax: (610) 240-9323
Regular Business Hours
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Malvern
116 E. King St.
Malvern, PA 19355
Phone: (610) 240-0750
Fax: 610-240-9323
By Appointment
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West Chester
17 W. Gay St.
P.O. Box 515
West Chester, PA 19381
Phone: (610) 933-8069
Fax: 610-240-9323
See David by Appointment call 610-933-8069 For David Frees
Get Directions

Offices

Phoenixville
120 Gay St.
Phoenixville, PA 19460
Phone: (610) 933-8069
Fax: (610) 240-9323

Regular Business Hours

Malvern
116 E. King St.
Malvern, PA 19355
Phone: (610) 240-0750
Fax: 610-240-9323

By Appointment

West Chester
17 W. Gay St.
P.O. Box 515
West Chester, PA 19381
Phone: (610) 933-8069
Fax: 610-240-9323

See David by Appointment call 610-933-8069 For David Frees

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