Living Trust

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Dictionary Says

Definition of 'Living Trust'

A property interest created during a person's life that allows easy transfer of assets without going through the process of probate. A living trust is an agreement where the trustee holds the legal possession of a fund or assets that belong to another person, the beneficiary, and it is created while the person is alive. This is different compared to other types of trusts that are created through the person's will.

Also known as inter-vivos trust.
Investopedia Says

Investopedia explains 'Living Trust'

There are two types of trusts: inter-vivos (living) trusts and testamentary trusts. Testamentary trusts are trusts that are established through a last will and testament, whereas living trusts are created while the person is alive. The advantage of establishing a living trust is that assets do not have to go through probate, which can be costly and take a lot of time.
Search results for

'Living Trust'

  • Establishing A Revocable Living Trust

    http://www.investopedia.com/articles/pf/06/revocablelivingtrust.asp
    Establishing A Revocable Living Trust. ... Advantages of the Living Trust Let's look
    at some of the advantages of having a revocable living trust in place: ...

  • Pick The Perfect Trust

    http://www.investopedia.com/articles/pf/08/trust-basics.asp
    ... Livings Trusts A living trust is usually created by the grantor, during the
    grantor's lifetime, through a transfer of property to a trustee. ...

  • How do I list the beneficiaries of my life insurance policies if I ...

    http://www.investopedia.com/ask/answers/08/revocable-living-trust.asp
    ... In such states, a higher tax may be owed. For more insight, read Establishing
    A Revocable Living Trust and Pick The Perfect Trust. ...

  • Ensuring That Your Trust Is Trustworthy

    http://www.investopedia.com/articles/retirement/11/ensuring-your-trust-trustworthy.asp
    ... For more, see Establishing A Revocable Living Trust.) TUTORIAL: Estate Planning
    Not surprisingly, trustees who are entrusted with the assets are both legally ...

  • Estate Planning For Canadians

    http://www.investopedia.com/articles/retirement/08/estate-planning-canadians-canada.asp
    ... Types Of Trusts The main type of trust in estate planning is a revocable living
    trust, so-called because you can change or revoke the terms of the trust at any ...

  • Estate Planning: Introduction To Trusts | Investopedia

    http://www.investopedia.com/university/estate-planning/estate-planning6.asp
    ... or the "corpus." Property can be any type of asset and can be transferred to the
    trust during the lifetime of the grantor (inter-vivos/living trust) or under ...

  • Are Your Bank Deposits Insured?

    http://www.investopedia.com/articles/pf/06/FDICinsurance.asp
    ... (To learn more, see Establishing A Revocable Living Trust.) Payable-On-Death (POD)
    Accounts Your POD account is insured up to $250,000 for each beneficiary. ...

  • Protect Your Personal Assets

    http://www.investopedia.com/articles/pf/08/family-limited-partnership.asp
    ... A few trust types and uses include these three: Inter-Vivos or Revocable Living
    Trust A revocable living trust has become a staple for transferring assets at ...

  • Keep Your Pet's Trust

    http://www.investopedia.com/articles/pf/07/pet_trusts.asp
    ... (To read more about this topic, see Update Your Beneficiaries, Getting Started
    On Your Estate Plan and Establishing A Revocable Living Trust.). ...

  • What documents should I have ready in case my partner or I should ...

    http://www.investopedia.com/ask/answers/09/documents-needed-upon-death.asp
    ... all your pertinent documents. This naturally would include a will, and
    for most investors, a living trust. It should also include ...

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