Revocable Living Trusts

One of the most flexible giving plans is the revocable living trust , a gift that can be revoked or taken back.

Gifts should only be made on a permanent basis when it is in your best interest to do so. Through a revocable trust arrangement, you can make gifts of property and/or income now while retaining the rights to retrieve the property if necessary. Such a plan can result in estate settlement savings as well.

You may find this to be a convenient way to create a "living endowment" to which you can add each year. The earnings from the property will be paid to you, to others you name, or to fund charitable gifts-as you choose. If you require the property for any reason, it will be returned to you promptly upon request.