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A revocable trust is an account that is a deposit only account. The trust can be ownded by one person or multiple people. The account has one or more beneficiaries on the account. When the owner of the trust passes away, the beneficiarie(s) will receive deposists from the trust. A Revocable Trust can be revoked, terminated and changed at any time. This can only be done by the owner of the trust. |
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Join Date: 09-15-2010
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