A revocable trust is an important estate planning tool, particularly for clients who want to avoid probate or need to delay distribution to their heirs for some reason. You can think of a revocable trust as a bucket in which you put all of your assets. As long as you're alive, you get to carry that bucket with you and control what happens to the things that are in it. When you die, though, the bucket gets handed off to someone you trust, who is responsible for following your instructions in giving the assets in the bucket to the appropriate people at the appropriate time.
Watch this video to learn more about what a revocable trust is and how it works.