Joint Living Trust
With a joint revocable living trust, both you and your spouse share control of the trust. You and your spouse serve together as equal co-granters and co-trustees of the marital trust and its assets. Both of you act together when making decisions to add assets to the trust or remove them. If you become unable or unwilling to serve as co-grantor or co-trustee, your spouse takes over as sole grantor and trustee. When one spouse dies, the surviving spouse becomes the sole grantor and sole trustee.
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