Revocable Living Trust: How To Setup And What Assets To Include And Not Include In It

You’ve probably heard of a revocable living trust, and you know that it’s something essential to have, but you’re not sure what it is or why you need one.

What  Is a Revocable Living Trust?

A living trust can help you manage your assets if you become ill, disabled, or incapacitated. It also allows you to set details on asset distribution after your death.

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What Are Revocable Living Trusts Used For?

Revocable Living Trusts are valuable tools to have in your estate planning arsenal.

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Example of a Revocable Living Trust for a Couple

For example, a couple establishes a revocable living trust so that they each serve as joint Trustees and Beneficiaries.

Flexibility To Change You’ll likely have items and beneficiaries to add as you age, especially if you start your estate planning when  you’re young.

The Benefits of a Revocable Living Trust

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