Sally Forth has a trust that she is free to break at any time. She has property in the trust that she anticipates using at a later time. This is a revocable trust for Sally.
More about revocable trust:
Revocable trusts give the grantor—the person who created the trust—the flexibility to change or cancel any of its terms as needed. The grantor receives all income earned during the trust's tenure; assets only pass to the trust's beneficiaries after the grantor dies.
The benefit of revocable trusts is that they give the live grantor freedom and revenue (also called the trustor). The beneficiaries will receive the trustor's inheritance upon the trustor's death, and the trust may be changed.
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