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What is a revocable trust?

Last Updated: February 29, 2008

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A revocable trust is a type of trust where you (the grantor) have the power to change or revoke the document. For example, you can change the terms of the trust or cancel it completely. Inter vivos (living) trusts are revocable if the grantor can change the terms of the trust during his/her lifetime at any time for any reason.

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