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A revocable living trust is a legal arrangement created during your lifetime that lets you manage and transfer assets while avoiding probate after death, and it can be changed or canceled at any time while you are mentally competent. You typically name yourself as trustee to retain control, then choose a successor trustee to manage the trust if you become incapacitated or after your death.
A revocable living trust is a legal arrangement created during your lifetime that lets you manage and transfer assets while avoiding probate after death, and it can be changed or canceled at any time while you are mentally competent. You typically name yourself as trustee to retain control, then choose a successor trustee to manage the trust if you become incapacitated or after your death.