A Revocable Trust is a document (“Trust Agreement”) created by you to manage your assets during your lifetime and distribute the remaining assets after your death.

The person who creates a trust is called the “Grantor” or “Settlor.” The person responsible for the management of the trust assets is the “Trustee.” You can serve as Trustee, or you may appoint another person, bank or trust company to serve as your Trustee.

The trust is “revocable” since you may modify or terminate the trust during your lifetime, as long as you are not incapacitated.

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