An agent will retain, manage and distribute the assets to a beneficiary in accordance with the provisions of the fiduciary agreement. A revocable trust, also known as a living trust, is an instrument that allows you to manage your assets during your lifetime and death. You are both the creator and beneficiary of the trust (during your lifetime) and you are often the first agent, although Trust Point is the first agent in its role as a professional agent. A revocable trust can be amended or revoked. And as in the case of a traditional will, you ensure the disposition of your property upon your death, either directly to your beneficiaries or in trust for their benefit. Read more on our resources page on the subject here There are several trusts to choose from…
