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Collins & Kruse Blog

01 Jan: Estate Planning 101: What is a Revocable Living Trust?

A revocable living trust, which is often just called a living trust, is a legal tool that is created to ‘hold’ the assets of an individual. This individual, known as a grantor, can control and manage all the assets placed within the trust, or they can assign another party to do this on their behalf. Having assets held in a trust like this can provide a variety of different benefits both now, and after the grantor has passed away.