Revocable Trust

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1 Types

August 25, 2024 3 min read Definitions

Revocable Trust: An Adjustable Estate Planning Tool

Finance Estate Planning Trust Revocable Trust Estate Planning Assets Grantor

A revocable trust is a flexible estate planning tool wherein the grantor may alter the provisions or cancel the trust at will. This differs from an irrevocable trust, which permanently transfers assets out of the estate.

August 25, 2024 4 min read Definitions

Totten Trust: Understanding Beneficiary Designated Trusts

Finance Banking Law Totten Trust Beneficiary Estate Planning Revocable Trust Taxable Estate

A comprehensive look at Totten Trusts, how they work, and their implications in estate planning, including taxation and control retained by the grantor.