Holds your assets while you’re alive: You transfer ownership of property, investments and other assets into the trust.; Lets someone manage your assets if you become sick or disabled: Your ...

A living trust actually is much more akin to what you might think of as a will, if what you're thinking of is a last will and testament. The latter is a legal document in which you lay out how you ...

Also known as a revocable trust, a living trust is a legal document that fulfills many of the same purposes as a traditional last will and testament. However, trusts often have a lot more flexibility.

Living trusts are designed to avoid the court process known as probate, and they can be changed during the creator’s lifetime (hence the term “revocable”). The trust in question, however ...

Joint revocable trusts, which are common in community property states like Texas, are the subject of ongoing debate.(Courtesy / Getty Images/iStockphoto) Revocable living trusts are often used as ...

With careful planning, a living trust can be a valuable tool for protecting your assets, providing for your loved ones, and ensuring that your wishes are honored. Stephen J. Lacey, JD, LLM, is a ...

Tiana Patterson, VP of social impact with Elevation Community Land Trust, looks over the living room area of one of their homes on N. Uinta St. near Colfax Ave in Denver July 7, 2023.