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A revocable trust is often used to avoid the expensive and time consuming probate process and to leave property to heirs, notes Nolo. The reason the trust is a revocable one is because it can be altered during the trust ... More »

www.reference.com Business & Finance Financial Planning

Free revocable trust forms are available online at websites such as AllLaw, Rocket Lawyer and USLegal. On AllLaw and USLegal, visitors must copy the text into a document to edit and print; Rocket Lawyer provides a form t... More »

www.reference.com Business & Finance Financial Planning

A revocable living trust is created through the grantor's signature on a living trust document and the transfer of all property into the name of the trust, according to Nolo. The grantor is the individual for whom the tr... More »

www.reference.com Business & Finance Financial Planning
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Some of the advantages of a living trust are being able to avoid probate and being able to name alternate beneficiaries to inherit property, says Nolo. Disadvantages of living trusts include the time they take to draw up... More »

www.reference.com Business & Finance Financial Planning

Beneficiaries can be changed in a living trust by either attaching an amendment or by drawing up a restatement of the trust, notes Nolo. A living trust can be changed without a lawyer, but one should be consulted if majo... More »

www.reference.com Business & Finance Financial Planning

A living trust can be amended without the help of an attorney by either attaching an amendment to the trust or by creating a restatement of the trust, notes Nolo. Special living trust computer programs can be used to ame... More »

www.reference.com Business & Finance Financial Planning

A person should set up a trust because it can help financially inexperienced family members, particularly minor children, to avoid going through the probate process after the grantor's death, according to USA.gov. A trus... More »

www.reference.com Business & Finance Financial Planning