Property Ownership
A Pennsylvania homeowner who transfers their property to a revocable living trust retains:
ANo control over the property since it belongs to the trust
BFull control as trustee and beneficiary of the trust during their lifetime✓ Correct
COnly a life estate in the property
DOwnership but must get trustee approval for any changes
Explanation
A revocable living trust in Pennsylvania allows the grantor to transfer property to the trust while retaining full control as both trustee and beneficiary during their lifetime. The trust becomes irrevocable and follows trust instructions upon the grantor's death, avoiding probate for those assets.
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