Revocable Living Trust

About

Law and order is what governs the smooth running and regulation of the world. A trust is basically a relationship whereby particular piece of property is held by a party for the benefit of the other. A living revocable trust is essentially a legal document which is responsible for holding ownership to one’s property and assets. It ensures that one’s ownership to certain assets is transferred to the trust, without relinquishing any control of the true owner.

A Living revocable trust is one such legal document which enables a person to control all assets but indirectly. This is because according to the documentation the ownership is transferred to a secondary owner but the control rests in the hand of the primary person. It is simply a transfer of title ownership on paper.

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1. Revocable Living Trust

2. Irrevocable Living Trust

3. Living Revocable Trust