![]() A Revocable Living Trust has certain advantages over a Will, such as the ability to avoid probate court and, thus, avoid public record. This individual will follow the instructions created by the grantor that outline how the assets should be distributed to the beneficiaries. After they die, the Trust is put into the hands of a successor trustee (unless the grantor did not appoint themselves trustee). Typically, the grantor will name themselves trustee, meaning they can maintain control of the assets and benefit from them during their lifetime. Ownership of the assets is transferred to the Trust and a trustee is put in charge of the entity. ![]() (Revocable) Living Trust – A Living Trust document, once executed by a principal (“grantor” for the purposes of this instrument), creates an entity into which assets can be placed.
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