Revocable Living Trust
Estate Planning
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About This Form
A Revocable Living Trust is a legal document that allows you to place your assets into a trust during your lifetime and specify how they should be distributed after your death. This type of trust can be altered or revoked by the grantor at any time, providing flexibility and control over your estate planning. It helps avoid probate, ensures privacy, and can be a crucial part of managing your estate efficiently.
When to Use This Form
- When you want to maintain control over your assets during your lifetime
- If you wish to avoid probate for your estate
- When you want to ensure privacy in your estate planning
- If you need flexibility to amend your estate plan as circumstances change
- As part of a comprehensive estate planning strategy
Key Features
- Allows for management and distribution of assets during and after your lifetime
- Can be amended or revoked at any time by the grantor
- Helps avoid the probate process, saving time and costs
- Provides privacy as trust details are not public record
- Can include specific instructions for asset distribution and management
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