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What Is a Revocable Living Trust?

  • Writer: Sojourner Law
    Sojourner Law
  • Mar 9
  • 1 min read

A revocable living trust is a legal tool used in estate planning to manage assets during life and transfer them after death.


You create the trust and typically serve as the trustee while you are alive.


You maintain full control of the assets in the trust.


The trust becomes important if you become incapacitated or after you pass away.


At that point, a successor trustee can manage or distribute the assets according to the instructions you created.


Many people use revocable trusts to simplify the transfer of property and maintain privacy in their estate planning.


Trusts can also provide structured distributions for children or beneficiaries.

 
 
 

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