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Revocable Living Trust. What is a revocable living trust? How can a revocable living trust be used to help your estate? How does a revocable living trust affect estate taxes? A revocable living trust allows one to revoke or dissolve the trust.: (Select the best answer below) O A. and not pay any estate taxes on the assets OB. but the beneficiaries won't own any of the assets. C. yet still remain the owner of the assets D. while only an irrevocable living trust allows the trust to be dissolved. One may revoke the trust to manage the assets oneself or one may revoke the trust to replace: (Select the best answer below) O A. a power of attorney OB, a grantor c. a trustee OD an executor ic A revocable living trust allows the need for probate but does not avoid estate taxes: (Select the best answer below.) . O A. because the trustee must still pay these O B. even if the beneficiaries cannot be legally responsible for these taxes. O c. unless the grantor is also a beneficiary of the trust OD. because the individual still owns the assets 501 atii Click to select your answer. Re