is a revocable trust a separate legal entity
A Revocable Trust Is Not a Separate Legal Entity â Part 1 A Revocable Trust Is Not a Separate Legal Entity â Part 1. A pair of decisions from last month reinforce the fundamental rule that an inter-vivos revocable trust is not an entity separate from the trustee. âUnlike a corporation, a trust is not a legal entity. Legal title to property owned by a trust is held by the trustee. A trust is simply a collection of assets and liabilities. In 1680 Property Trust, it was alleged that the trustee had made fraudulent statements.