Mental illness and addiction are vitally important topics that every estate planner should be familiar
with in today’s landscape. Unfortunately, these topics aren’t discussed nearly enough, but the fact
is, one in five adults struggle with a mental health condition.
Any trust created during someone’s lifetime is a “living trust.” However, the expression usually refers
to revocable trusts. As the name suggests, such a trust can be cancelled if the creator has a change
of mind and wishes to reclaim trust assets.