revocable

But investments held in revocable trusts, such as living trusts, should qualify for the favorable step-up in basis that would eliminate the taxable capital gain at his death.

He also gave us some insight into how the revocable trust that Trump used to hold all his assets during his presidency worked, and who controlled it.

Simpson’s will, which was filed in Clark County court in Nevada, notes that Simpson’s personal property had been placed into a revocable living trust created in January.

It notes that Simpson’s personal property had been placed into a revocable living trust created in January.

He continued to deny knowledge or involvement in the accounting practices that had run afoul of the New York state attorney general - despite running the company and being a trustee of his father's revocable trust.