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Discover how living trusts let you manage assets during your lifetime and transfer them to beneficiaries without probate. Learn key benefits and features.
Yes, with a revocable living trust, you maintain complete control to modify, update, or cancel the trust at any time during your lifetime. You can add or remove assets, change beneficiaries, update distribution instructions, or dissolve the trust entirely. This flexibility makes revocable living trusts popular for estate planning since your circumstances and wishes may change over time. Once you pass away, the trust typically becomes irrevocable and cannot be changed.