revocable trust

Definition of "revocable trust"
  1. A form of legal arrangement where the individual who established the trust retains the ability to cancel or modify it
How to use "revocable trust" in a sentence
  1. The client chose to establish a revocable trust to ensure they had flexibility should their circumstances change.
  2. The assets were transferred into a revocable trust, allowing the family to avoid probate upon the individual's death.
  3. A revocable trust can be beneficial in estate planning due it its potential for adaptability.

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