A preceding Model of this text did not accurately distinguish among The prices of revocable and irrevocable trusts.
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The 1 setting up a trust is known as the trustor or grantor. The one who oversees and manages the trust is called the trustee. Within a revocable trust, the trustor may perhaps Regulate the trust too, but within an irrevocable trust, the trustee needs to be any person else.
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