Revocable trusts are very popular trusts which allow you to create a trust while you are alive and determine the transfer of your property upon death. Just as the name states, you have the power to revoke the trust at any time during your lifetime, giving you a high degree of control and the ability to manage a range of benefits:
Avoid probate. Choose beneficiaries. Stay private even after death. Revise the document when needed as life and desires change.