A Trust, or Revocable Living Trust is an estate planning document that states who you want to inherit your property and how. While you are alive and able, you are both the trustee (trust manager) and trust beneficiary. You will name a successor trustee to serve after you and beneficiaries to inherit trust assets. Trusts also include financial incapacity provisions and may be drafted to protect beneficiaries from creditors, predators, divorcing spouses, etc.
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