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Lifetime Trusts<br />
A LIFETIME TRUST is created during your<br />
lifetime, and can be revokable or irrevokable<br />
Major use of a revokable trust is to try out<br />
provisions and make changes<br />
Because you can change or terminate the<br />
trust at any time there are no tax savings,<br />
although h the trust tproperty is not subject to<br />
probate<br />
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