The collective belongings comprise the trust fund. The person or persons benefiting from the trust are classified as the beneficiaries. Mainly because a revocable trust holds the property and it would not die, the trust avoids probate, which can be the legal process of distributing property of a will. https://legacy-gift-legacy-giving23455.daneblogger.com/28060612/how-nonprofit-trust-can-save-you-time-stress-and-money