What is a revocable living trust?

A Revocable Living Trust is an important legal document that is used in Disability Planning Law in Texas. It is a way to plan for a person’s future if they become unable to make decisions for themselves due to disability or incapacity. The trust enables the person to appoint a Trustee to manage their financial and other matters for them in the event of disability or incapacity. A Revocable Living Trust is a trust that can be changed or revoked at any time before the disability or incapacity occurs. The Trustee is given the authority to manage the person’s assets and make decisions on their behalf. This allows them to continue to manage their finances, investments, and other assets without having to rely on a court-appointed guardian. With a Revocable Living Trust, the person has the freedom to decide who their Trustee will be. The Trustee can be a family member, friend, or even a financial institution. The Trustee must act in the best interests of the person and can only use the assets for their benefit. The Revocable Living Trust is an important way to plan for a person’s future in terms of disability or incapacity. It gives them control over their finances and other assets, and allows a trusted individual to make decisions on their behalf. It is a vital part of planning for disability or incapacity in Texas.

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What is a revocable living trust?

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