UNDERSTANDING REVOCABLE LIVING TRUSTS
Trusts began in England in the Middle Ages. The Statute of Uses is a law enacted in 1536 under King Henry VIII. The Statute of Uses is the basis of trust law in England. From England, the concept of trusts came to America with the colonists. Thus, even though most of us have been hearing about trusts for only the last 10 or 20 years, trust law has been established for centuries.
A trust is created by a legal document which is usually called a “trust