Terms of Use A trust is an arrangement where one person, called a trustee, holds legal title to property for another person, called a beneficiary. A living trust is simply a trust you create while you're alive. You can be the trustee of your own living trust, keeping full control over all property held in trust. Different types of living trusts can help you avoid probate, reduce estate taxes, or set up long-term property management. The major advantage of a living trust is that pro
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