Living Trusts FAQs

A living trust allows you to gather together all of your significant property in one document. This is important if you want to make sure your property is distributed easily and quickly after your death. The trust, not you, owns the property. This doesn't mean that you no longer have control of your assets. Since you, the grantor, will usually appoint yourself as the trust's initial trustee, you still have complete control of your property. You can do what you want with the property; you can even transfer property out of the trust or add property to it. Most importantly, a living trust allows you to provide for the quick and efficient distribution of your property to loved ones when you die.