Living Trusts: Advantages, Rules, and How to Create

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A living trust is a legal document that allows someone (known as the grantor) to place their assets under the management of a trustee, who can be the grantor or another person. The trustee is responsible for safeguarding the trust’s assets during the grantor’s lifetime. The trust’s assets will be transferred to the beneficiaries upon the grantor’s death.
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0:00 Intro
0:31 What is a Living Trust?
1:14 Living Trust vs. Will
1:32 The 4 Roles of a Living Trust
2:07 Revocable and Irrevocable Trusts
2:32 Steps to creating a Living Trust
3:26 Who can be a Beneficiary?
3:50 Conclusion and where to download Fillable Templates