Revocable Living Trust
A living trust is a legal arrangement created during a person's lifetime that can hold and manage assets while they're alive and distribute those assets after death, often avoiding the probate process entirely.
Unlike a will, which only takes effect after death and typically goes through public probate, a living trust can operate immediately and stays private.
It's a legal container that holds your assets, works while you're alive, and passes things on after you're gone — usually without a court getting involved.
Living Trust vs. Will, and the four documents every estate plan needs.