Understanding a Revocable Living Trust: The Horsebox Analogy

Tina–an accomplished professional, mother, grandmother, horsewoman, and unmarried widow–seeking a way to manage and protect her assets through life's various stages, discovers the legal concept of a revocable living trust (or “RLT”). With support from her estate planning attorney, she creates an RLT, symbolically represented here as a “Horsebox” (i.e., integrated truck and trailer for transporting horses). This analogy illustrates how a revocable living trust operates and serves various life stages.