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Today's Terms
Living Trust
Definition:
A living trust is an estate planning device that allows a person to transfer assets to one or more persons before and after they die.
Revocation
Definition:
In terms of wills, the process or act of canceling or destroying an existing will.
Assets
Definition:
All property owned by a person that can be used or made available to use in the payment of debts and heirs.
More Probate Terms >
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