The collective assets comprise the trust fund. The person or individuals benefiting in the trust will be the beneficiaries. Since a revocable trust holds the belongings and it doesn't die, the trust avoids probate, which happens to be the authorized process of distributing property of the will. The underside https://nonprofittrust02345.affiliatblogger.com/80767980/helping-the-others-realize-the-advantages-of-last-will-and-testament