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Revocable Living Trust: A Trust which is operative during the life of the
Trustor (the person creating the Trust) in which he or she has complete control
and disposition over his or her assets within in the Trust. A Revocable Living
Trust (“RLT”) may be amended or terminated at anytime by the Trustor. A RLT
holding the assets of the Trustor will avoid Probate and provide efficient
management, distribution and privacy to the Estate at the death of the Trustor.
Married individuals can also use RLT’s to significantly diminish or even
eliminate Estate Taxes.





Will: An instrument by which a Testator (the individual making the Will) makes a
disposition of his or her real and personal property, to take effect after
death. When a person passes away his or her Will must be admitted to Probate and
the Estate’s assets are administered and distributed. The execution of Wills are
governed by strict formalities, and if not followed may defeat the Testator’s
wishes.





Living Will: A document which governs the withholding or withdrawal of
life-sustaining treatment from an individual in the event of an incurable or
irreversible condition that will cause death within a relatively short time, and
when such person is no longer able to make decisions regarding his or her
medical treatment.









Planned Giving

Revocable Living Trust

Will

Living Will

Durable Power of Attorney for Healthcare

Irrevocable Trust