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 a popular choice 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 typically faster and more private than going through probate, which is the court process for validating a will. Overall, revocable trusts provide a way to manage and protect assets while maintaining control during the grantor's lifetime.