The person creating a revocable living trust is called the grantor or trustmaker, and he is the one who controls and manages the assets. There may be cases when the grantor prefers to have an attorney or an institution to oversee the trust's activities.
>>>Revocable living trustsA revocable living trust is another popular estate planning tool, which most people use to avoid the probate period. Living trusts are revocable as they can be subjected to changes in case of a change in circumstances.
>>>There are several entities such as trusts, powers of attorney and wills, involved in estate planning. They aid spouses and families of estate holders to benefit from the estate of the deceased. The absence of an estate plan leads the estate to go into probate and thereafter, judged by a court.
>>>Level 5 allows the unused portion of estate tax credit of a deceased spouse to pass on to the estate of the surviving spouse and also allows the creation of sub-trusts, such as a life insurance trust.
>>>Death and taxes are the two bitter truths of life. As such, it is incumbent upon each individual to strategize for a comfortable life for his loved ones in the post-death scenario. Estate planning is an effective way of doing so and achieving tangible gains. In this legal arrangement, you anticipate and arrange for a hassle-free management and disp
>>>Contemplating about mortality is not a priority for numerous individuals. Resultantly, they fail to plan the management and disposition of their assets, which invariably leads to confusion, financial crisis, and disharmony among surviving family members. The best thing that one can do to ward off such situations is to undertake estate planning.As p
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