A living trust is revocable while youre alive but irrevocable when youre dead there are three parts to a living trust creator trustee manages assets beneficiary. A living trust is a legal document that just like a will contains your instructions for what you want to happen to your assets when you die but unlike a will a living trust can avoid probate at death control all of your assets and prevent the court from controlling your assets if you become incapacitated. Your living trust estate plan maps out the most effective techniques for saving money and property and covers the essentials of successful estate planning other resources frequently overlook vital areas such as unlocking the benefits of living trusts protecting beneficiaries using life insurance handling retirement benefits properly and . When most people think about estate planning their thoughts immediately jump to the creation of a will trusts if they are thought about at all are usually considered a tool for the wealthy you 317 953 2313 a living trust can help your estate avoid the probate process. 2 consider a trust if you hold your property in a living trust your survivors wont have to go through probate court a time consuming and expensive process 3 make health care directives writing out your wishes for health care can protect you if you become unable to make medical decisions for yourself