Related Definitions
What is a Living Trust?
A legal arrangement in which assets are transferred to a trust during a person’s lifetime to avoid probate and manage their estate.
A trust established during a person’s lifetime that allows for the management and distribution of assets while the grantor is alive and after their death. A living trust can help avoid probate, provide flexibility in asset management, and offer privacy regarding the distribution of assets. The grantor can modify or revoke the trust as long as they are alive and competent, making it a versatile estate planning tool.
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Related Articles
Insights and advice on trust and probate estate litigation from our blog.
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