3. The World Series has only been canceled twice. Since 1903, only two years have gone by without a World Series. Interestingly enough, neither of these years came during World War II, during which the best players from many teams fought overseas.
This type of Trust is not activated until after your death. After the assets that you have identified for the Trust go through probate they are held in the Trust for your Beneficiaries. You can revoke or change a Testamentary Trust while you are alive.
When you set up your revocable living trust, you must name a successor trustee -- someone to step in and administer and settle your trust for you after your death. He would also be called upon to serve should you become mentally incapacitated.