Bobby’s Estate Planning Mythbuster: Access to Assets Held in a Revocable Trust
Myth: If you set up a revocable trust, you lose control and access to your assets. Truth: You have just as much control - if not more – when you create a revocable trust and transfer assets to the trust. A trust is basically a contract between a trustmaker (i.e. you - the person who creates the trust), a trustee (i.e. one who controls the trust; can be you or someone else) and beneficiaries (i.e. the people entitled to benefit from the trust). As the grantor, you determine how the trust will be operated by the trustee and who benefits. There are numerous...
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