What is a living trust?

Answer A living trust is a legal document that gives instructions about who has the right to manage your financial affairs while you are alive and how your assets are distributed after your death. While b... Read More »

Top Q&A For: What is a living trust

How to Amend a Living Trust or Change a Living Trust?

A living trust protects your assets and settles the question of who will be receiving what part of your assets after you die. Putting assets in trust can also have some tax benefits. A living, or r... Read More »

Does a beneficiary of a living trust have the right to see the trust?

A beneficiary's right to examine a revocable living trust does not exist until the trustor---the person who made the trust---dies. The beneficiary then has the right to request a copy of the trust ... Read More »

Is a living trust a testamentary trust?

A living trust is not a testamentary trust. A living trust--also known as an "inter vivos trust"--takes effect in the maker's lifetime. In contrast, a testamentary will go into effect only after th... Read More »

What is a reversible living trust?

A reversible living trust is a legal way to benefit from the ownership of property without personally owning the property. A reversible living trust is actually a legal relationship involving yours... Read More »