What is a revocable living trust?

A revocable living trust is a legal document created by an individual (the grantor) to manage and protect their assets during their lifetime and after their death. This type of trust is flexible because the grantor can change or revoke it at any time. In Florida, a revocable living trust is an important tool in Elder Law because it allows the grantor to determine how their assets will be distributed both during their lifetime and after their death. A revocable living trust allows the grantor to name a trustee and successor trustee to manage the trust assets in the event that the grantor becomes unable to manage them due to physical or mental incapacity. The trust also allows the grantor to name beneficiaries who will receive the assets after the grantor’s death, and it can help the grantor to avoid probate. In Florida, it is important to create a well-drawn and professionally prepared revocable living trust so that it is recognized by the courts. An attorney who is experienced in Elder Law can help you to create a trust that fits your needs. Because revocable living trusts are legal documents, it is important to ensure that they are drafted correctly and in compliance with Florida law.

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What is a revocable living trust?

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