living trust

Noun

Meaning

a trust created and operating during the grantor's lifetime

Synonyms

Hypernyms

Examples

Negative 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

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