Common Questions

Questions » Trusts

Trusts

• What is a revocable living trust?
• What is probate?
• How is a revocable living trust established?
• What are the advantages of a revocable living trust?
• What are the disadvantages of a revocable living trust?
• What does a revocable living trust cost?
• Does a revocable living trust avoid taxes?
• What is a conservatorship?
• What is a “durable power of attorney”?
• Can a living trust substitute for a will?
• Who can be the trustee?
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Many thanks to Charles D. Young of the Oregon State Bar for contributing this valuable information.

Charles D. Young
Legal Edition
Oregon State Bar
www.osbar.org
P.O. Box 1689,
Lake Oswego. OR
97035-0889