Are Your Assets Safe? Discover the Power of Revocable Trusts
A revocable trust, often called a living trust, is a versatile legal arrangement designed to manage and distribute assets during a person’s lifetime and after their passing. Once created, a revocable trust takes effect immediately, unlike a will, which only becomes operational upon death. Revocable trusts allow grantors (individuals who establish trusts) to maintain control over their assets while simplifying wealth transfers to beneficiaries. This legal tool offers numerous benefits, but it’s essential to understand …