A plain-language definition, not a conclusion about a document or case. Read the term in its full legal context.
Plain-English meaning
Revocable Trust
A trust the grantor retains the legal power to revoke or amend under its terms and applicable law.
Why the term matters
It can organize management during life and transfer funded assets after death, but usually does not by itself remove the grantor's tax or creditor exposure.
Do not confuse it with
Revocability concerns the power to change the trust; probate avoidance depends on ownership and beneficiary arrangements, not the title alone.