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If you are evaluating your estate planning options, you may have several questions about the advantages and disadvantages of various estate planning instruments. Trusts are popular options for passing assets to heirs in an estate plan. However, there are many different types of trusts, and the type of trust you choose will depend on your individual circumstances and goals. The two main categories of trusts are revocable and irrevocable trusts.

Benefits of a Revocable Trust

Revocable trusts, sometimes referred to as “living trusts” can be modified or revoked by the trust creator during his or her lifetime. This type of

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