United States Edition A Living Trust is a Trust used for the purpose of avoiding the delays and costs associated with probate .
When you die, the asset.
As trustee, you then take over management of the Trust assets.
Once set up, you transfer some or all Your assets to the trust.
They are easy to set up and simply involve completing and signing a Trust agreement in which you name yourself as both grantor (creator of the trust) and trustee (manager of the Trust assets).
United States Edition A Living Trust is a Trust used for the purpose of avoiding the delays and costs associated with probate