The collective assets comprise the trust fund. The individual or people benefiting through the trust are classified as the beneficiaries. Since a revocable trust holds the property and it will not die, the trust avoids probate, which happens to be the lawful means of distributing property of the will. https://legacy-gift-legacy-giving68901.techionblog.com/28514137/revocable-trust-things-to-know-before-you-buy