revocable

“A revocable living trust is one of the most common types of trusts used in estate planning,” it adds.

In North Carolina, the elective share is between 15% and 50% depending on the length of marriage, and it only applies to assets contained in the deceased spouse’s estate and/or revocable trust.

If your friend sets up a revocable trust, she can be both grantor and trustee during her lifetime, and have the freedom to change the terms.

The new bill will make this argument more tenuous, as it says that consent must be "free and informed, specific, prior and revocable",

“There are two primary types of trusts: revocable trusts and irrevocable trusts,” the law firm adds.