Noun
a trust created and operating during the grantor's lifetime
Source: WordNetNegative aspects of using a living trust as opposed to a will and probate include upfront legal expenses, the expense of trust administration, and a lack of certain safeguards. Source: Internet
As noted above, the Grantor typically serves as the Trustee of their own Revocable Living Trust. Source: Internet
For example, in a living trust it is common for the grantor to be both a trustee and a lifetime beneficiary, while naming other contingent beneficiaries. Source: Internet
For example, a living trust is often an express trust, which is also a revocable trust, and might include an incentive trust, and so forth. Source: Internet
These plans may include drafting a will, living trust, health care directive, power of attorney and other documents. Source: Internet
These procedures are not available to the trustee of a living trust. Source: Internet