If you were to create a revocable living trust, you would be referred to as the grantor of the trust. You may assume that you lose direct control of assets that you convey into the trust, but this is not the case when you have a revocable living trust. The person or entity who administers a living trust is called the trustee. You can act as the trustee while you are alive and well, so you would be the person controlling the actions of the trust.
Topics covered in this report include:
- No Loss of Control
- Efficient, Measured Asset Distributions
- Incapacity Planning
Click here to read the whole article or download the PDF.
Attorney Caprice L. Collins is a top rated Harvard Law School graduate. She has 34 years of legal experience with a successful law practice devoted exclusively to Estate/Business Planning and Trust Administration. Attorney Collins is a well-respected keynote speaker on Wills, Living Trusts, Estate Planning, Business Planning and Trust Administration. She has appeared on California’s Real Estate Radio Station KTLK AM 1150 as a legal expert on Estate Planning and Living Trusts among many other notable media appearances.
Latest posts by Caprice Collins (see all)
- Are There Expenses Involved in Administering a Trust? - December 1, 2022
- Is a Will or a Trust Better for Distributing Estate Assets? - November 30, 2022
- How Is Estate Planning Different If You Have Minor Children? - November 28, 2022
