In which kind of trust can you place your assets while still alive?

Question

Quizplus · Accepted Answer

A revocable living trust allows the grantor to maintain control over the assets while alive and have them passed on to designated beneficiaries upon death. An irrevocable living trust can also be set up during the grantor's lifetime, but once established, the assets are transferred out of the grantor's control, and the terms cannot be changed. Both types of living trusts can be used to place assets while still alive. The sprinkling trust is not related to placing assets while still alive.

In Which Kind of Trust Can You Place Your Assets