Revocable Living Trusts

A Revocable Living Trust is often used in  estate planning to avoid probate.    It is a useful tool in the right circumstances. Most people use a Revocable Living Trust to hold assets, such as a house or rental properties.  The person who sets up the Trust, and usually funds it, is called the "Settlor."    The Trust is "revocable" because the settlor can revoke it at any time.  It is called...
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