Which of the following is an example of a revocable trust?

A revocable trust allows the grantor to retain control over the trust and its assets, meaning they can alter, amend, or even revoke the trust during their lifetime. This flexibility is a fundamental characteristic of a revocable trust, distinguishing it from irrevocable trusts, which become fixed and unchangeable once established.

In this context, a living trust that can be altered during the grantor's lifetime exemplifies a revocable trust effectively. It provides individuals with a mechanism to manage their assets, potentially avoiding probate and allowing them to modify their estate plan as circumstances change.

In contrast, a trust that cannot be changed after creation represents an irrevocable trust, which does not fit the definition of a revocable trust. A trust for minors that becomes irrevocable at age 18 also does not qualify as revocable since it will be unchangeable once it reaches that age. Similarly, a charitable trust that allocates funds after death is typically irrevocable, focusing on specific distributions that once established, cannot be modified.