How Do I Set Up a Revocable Trust? | NC

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Q: How do I set up a revocable trust? A: Start with a written trust agreement that clearly states your intent to create a revocable trust. Name the initial trustee, at least one successor trustee, and the beneficiaries. Explain how assets will be managed and distributed during your lifetime, incapacity, and after death. The agreement should also describe how you may amend or revoke the trust.…