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What Is a Revocable Trust?

If you’ve accumulated a sizable estate and are looking for estate-planning tools that will allow your assets to privately and seamlessly transfer to your heirs, then a revocable trust may be a solution to consider. Understanding revocable trusts The greatest benefit of a revocable trust is that it simplifies the estate-planning process. When a person without a trust passes away, their property is disposed of by a probate court. Not only is this a time-consuming and often costly process, it also generates a public record of the property being passed to heirs. By using a revocable trust, however, you […]