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living trust

NOUN
  1. a trust created and operating during the grantor's lifetime

How To Use living trust In A Sentence

  • With a living trust, you need to be sure all of your assets and investments are styled in the name of the trust for the rest of your life.
  • Another option is to use a so-called revocable living trust. How to Ensure
  • Not only is the trust agreement filled with legalese, but it can be difficult to learn how a living trust operates and is administered.
  • A revocable living trust can help you manage your assets during your lifetime -- and then bypass the sometimes expensive and time-consuming process of settling your estate, known as probate, after your death. Financial Prescription
  • For your parents, it would mean changing the ownership of their condominium from their individual names to the name of their revocable living trust.
  • Because of Florida's complicated probate system and the high statutory attorneys' fees, most people in Florida create revocable living trusts rather than write wills.
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