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Hi. This is Lee Phillips. Im an attorney. I want to talk to you for two seconds about your living revocable trust, specifically what happens to the trust after you die. When you die, the trust suddenly changes. It becomes an irrevocable trust. That means that your beneficiaries, the successor trustees, the people who are dealing with this trust after you die are now dealing with a different animal. When you were alive, you could revoke the trust. You could get the property back. You could do anything you wanted with it. But as soon as you die, it becomes an irrevocable trust. That means its set in cement. Nobody can change the terms of the trust. The trust becomes its own entity. It has to get its own tax ID number. While youre alive, youre living revocable trust uses your social security number, because as far as the IRS-- by federal law-- as far as the IRS is concerned, the living revocable trust is you. You file your 1040. You use your social security number. But when you die, t
