A ____________ trust is a property management arrangement that you establish while you are alive.

Question

Quizplus · Accepted Answer

A living trust, also known as a revocable trust, is established by the grantor (person setting up the trust) while they are alive and can be changed or revoked at any time. It allows the grantor to transfer assets into the trust, which is managed by a trustee, and can provide for the distribution of those assets after the grantor's death. It can also help avoid the probate process and keep the details of the grantor's estate plan private.

A ____________ Trust Is a Property Management Arrangement That You