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Ten Things to Consider Before Creating a Revocable Living Trust

Let’s say that you’ve already decided that you want to have an attorney draft a revocable living trust for you. A revocable living trust, sometimes simply called a revocable trust, is a document that in combination with your last will and testament allows you to direct where and how your assets will be distributed after your death. In addition, if you become mentally incapacitated during your lifetime, a revocable trust can provide authority to someone of your choosing who can access the trust to financially support you and your loved ones.

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