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Learn about the grantor's role in trust creation and estate planning. Discover how grantors establish trusts, set terms, and maintain control over assets.
With a revocable living trust, the grantor can modify terms, add or remove assets, or completely revoke the trust during their lifetime. This flexibility allows the grantor to adapt their estate plan as circumstances change. However, once the grantor passes away, the trust typically becomes irrevocable and cannot be changed.