A revocable trust is a legal arrangement that allows a person, known as the grantor, to place their assets into a trust during their lifetime. The grantor retains control over the trust and can modify or revoke it at any time. This flexibility makes revocable trusts popular for estate planning, as they can help avoid probate and simplify the transfer of assets upon the grantor's death. When the grantor passes away, the assets in the revocable trust are distributed according to the terms set forth in the trust document. This process is generally quicker and more private than going through probate, which is the court-supervised process of distributing a deceased person's assets.