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Revocable Trust

Revocable Trust (noun): A trust that can be altered or canceled by the Grantor. During the life of the Trust, income earned is distributed to...

Revocable Trust (noun): A trust that can be altered or canceled by the Grantor. During the life of the Trust, income earned is distributed to the Grantor, and only after death does property transfer to the Beneficiaries.

Words commonly used with this term include:

  • Will
  • Estate
  • Trust
  • Grantor
  • Beneficiary

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