What is a living trust?
A living trust is created during life to manage assets and avoid probate.
Why it matters
It lets you manage and later transfer assets without a public probate.
Common confusion
“Living” means made during life, not a trust that activates at death.
Frequently Asked Questions
Do I transfer assets into it?
Yes — you must fund it by retitling assets to the trust.
Does it avoid probate?
For funded assets, usually yes.
Can I be my own trustee?
Often yes, for a revocable living trust.