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