A legal entity in which you control the assets and can receive income,but also have the option to leave or remove assets,is called a(n)

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A revocable living trust allows you to control your assets and receive income while you are alive, but also gives you the flexibility to remove or add assets to the trust as needed. It can be changed or revoked at any time, making it a popular choice for estate planning. A family trust could refer to any type of trust established for the benefit of a family, but it is not specific enough to be the best answer. An irrevocable living trust cannot be changed once established, and a testamentary trust is created through a will and only takes effect after the individual's death.

A Legal Entity in Which You Control the Assets and Can