What is the difference between a revocable trust and a will? Can a will be contested in court?
— Hugh Taylor A. I assume that the trust you refer to is one set up and functional during the life of the creator of the trust, as distinguished from a trust established by a will which comes into effect on the death of testator. Such a trust, sometimes called a “living” or “lifetime” trust, is established by a person during his/her life for any number of purposes and operates during the creator’s lifetime and in some cases after his/her death. It can be used by the creator of the trust to handle his/her financial affairs, first by the creator of the trust and then, if the creator becomes incapacitated, it can be operated by a successor trustee named as such in the trust document. It can also serve as a way to transfer assets of the creator after his death. A revocable trust becomes irrevocable on the death of the trust creator. A will, on the other hand, comes into effect in the future, i.e. on the death of the testator. A trust established by a will is not revocable. Like a living t
