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Martin possesses real and personal property of substantial value, inlcuding several large life insurance policies on his life. He is considering creating a revocable inter

Martin possesses real and personal property of substantial value, inlcuding several large life insurance policies on his life. He is considering creating a revocable inter vivos trust for his family with a major part of his property as the corpus of the trust. State the advantages of a living trust.

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