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A revocable trust is also known as a living trust, revocable living trust or inter vivos trust. It's an amendable legal document that creates a separate legal. A. While a trust is revocable, rights of the beneficiaries are subject to the control of, and the duties of the trustee are owed exclusively to, the settlor. A Revocable Trust is any trust that is set up in such a way that the grantor reserves the right to revoke the trust at any time and remains in control of.

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A revocable trust is a legal document that places the grantor's assets into a trust during his lifetime and then distributes them to his heirs or beneficiaries. A Florida Revocable Trust is a document that allows you to transfer ownership of most of your assets from yourself to the Trust, with you (or someone you choose). A revocable living trust is a legal device that can be used to manage your property during your lifetime and to distribute your property after your death. A.

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A Florida Revocable Trust is a document that allows you to transfer ownership of most of your assets from yourself to the Trust, with you (or someone you choose). A living trust, aka, revocable trust is a form of estate planning that allows you to control your assets (your money and property) while you are still alive. Trust makers can create trust in different configurations: revocable, irrevocable, testamentary, and living trusts. The creator of a revocable trust can amend.