A joint revocable living trust is used by spouses to secure their assets during their lifetimes and then efficiently transfer those assets upon death. One key advantage is that the assets in the trust will avoid probate court. This saves you from paying court fees and ensures that those assets will be distributed much more quickly.
The spouses retain complete control over the trust assets during their lives. After the trust is created it can be revoked or amended at any time, allowing the spouses to remove the assets from the trust should the need arise.
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