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Living trusts may be revocable or irrevocable. Testamentary trusts are typically irrevocable after established but can be revocable via a will If your grantor remains to be alive.
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A trustee is named in the event the trust is founded; this person is accountable for dealing with the trust bet affairs of the trust and transferring the assets to the beneficiaries at the time of the grantor's Dying.
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