A revocable living trust is a mechanism in which a person can title assets to a trust, but can still terminate the trust and take back the assets during his or her lifetime. Most trusts provide that the trust will become irrevocable once the testator (the person who sets up the trust) becomes incapacitated or dies. These revocable living trusts are typically used in complex estates, older people or unmarried couples. Contact us for more information about setting up a revocable living trust.
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