A revocable living trust is a legal entity that holds a trustmaker's property and avoids the need for probate when the trustmaker—also known as the grantor—dies. Since a deceased person cannot own land, probate is required to transfer properties from the decedent's possession to the names of living beneficiaries after his or her death.  Read the full article here: https://www.oflaherty-law.com/learn-a...

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This video discusses “How to Settle a #Trust After the #Trustmaker Dies,” including: Where is the residence of the #SuccessorTrustee? Trustees with Several Successors The Successor Trustee Isn't Interested in the Job What Is the Number of #Beneficiaries? What if There's a #TrustContest? When the Estate of the Trustmaker is Taxable Are Trust Assets Complicated? Settling Up a Trust