What is established when an individual owner conveys title to the trustees of a revocable trust?

When an individual owner conveys title to the trustees of a revocable trust, a revocable trust is established. A revocable trust, often referred to as a living trust, allows the grantor—the individual who creates the trust—to retain control over the assets within the trust during their lifetime and also permits changes to be made to the trust terms or even the complete dissolution of the trust at any time before the grantor’s death. This flexibility is a key characteristic of revocable trusts, distinguishing them from irrevocable trusts, which cannot be altered or revoked after their creation.

The term “living trust” is typically synonymous with a revocable trust as it is created during the lifetime of the grantor, in contrast to other types of trusts that might be established through a will or at a later time. An inter vivos trust is another name for a trust created during a person’s lifetime, further emphasizing this idea. Therefore, while "living trust" and "inter vivos trust" are contextually correct, referring to the conveyance of title specifically establishes a revocable structure that allows the grantor to maintain control.

This connection helps clarify that the most accurate descriptor for the type of trust being established in the scenario is a revocable trust, because it captures