In their article “Revocable Trusts and Incapacity Planning: More Than Just a Will Substitute,” authors David J. Feder and Robert H. Sitkoff provide a thought-provoking history of the trust instrument, from its origins as a tax-avoidance device in feudal times to modern uses as a means for: (1) fiduciary management of wealth across generations, (2) avoiding probate, and (3) avoiding conservatorship. As described to the Silent and Baby Boomer generations, revocable trusts were the
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