WHAT IS A LIVING TRUST ESTATE PLAN?
A Living Trust estate plan is a revocable living trust-centered estate plan that contains your special instructions for your own care and that of your loved ones. A revocable living trust is essentially a contract between the individual, who is called the Grantor, and him or herself as the trustee of that contract, in addition, the Living Trust generally names the successor trustees that the Grantor wants to manage his or her estate either when the Grantor is no longer capable of managing it or upon his or her death. Trusts are called Living Trusts because they are capable of performing many valuable functions for the Grantor, during the life of the Grantor, unlike a will that only begins its function upon the death of the individual. Of particular interest to most Grantors is the ability to provide instructions to the successor trustees, on exactly how the Grantors estate is to be managed, both during the life of the Grantor, and after his or her death. These instructions are what dis
