The general rule is that a trust is revocable where at any time the power to revest title of property conveyed into trust is exercisable by the grantor or a non-adverse party, or both. A revocable trust is transparent for income tax purposes under the Internal Revenue Code, since the grantor is treated as l.he owner. When a trust is revocable, there is no reason why the grantor should not also be trustee, since the tax consequences are already settled by the revocability of the trust.

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