What Is a Living Trust? A Simple Guide to Protecting Your Assets

what is a living trust

When planning for the future, one question many people ask is: What is a Living Trust? A Living Trust is a powerful legal tool used in estate planning to ensure that your assets are managed and distributed according to your wishes — without going through probate.

Whether you own a home, savings, investments, or a business, a Living Trust can help you stay in control of your assets while you’re alive and ensure a smooth transfer to your loved ones when you’re gone.


What Is a Living Trust?

A Living Trust is a legal document created during your lifetime that places your assets into a trust for your benefit. You (the “grantor”) typically serve as the trustee, meaning you retain full control of the assets. When you pass away or become incapacitated, a successor trustee steps in to manage or distribute those assets according to your instructions.

Unlike a will, a Living Trust avoids probate, the lengthy and often expensive court process used to validate wills and distribute assets.


Key Benefits of a Living Trust

  • Avoids Probate: Assets in a Living Trust pass directly to your beneficiaries, saving time, money, and stress.
  • Maintains Privacy: Probate is public; a trust keeps your financial affairs private.
  • Provides Incapacity Protection: If you become unable to manage your affairs, your successor trustee can step in without court involvement.
  • Greater Control: You decide exactly how and when your assets are distributed.
  • Efficient for Property Owners: Ideal for those with real estate or multiple properties.

Living Trust vs. Will

FeatureLiving TrustWill
Probate Required❌ No✅ Yes
Privacy✅ Yes❌ No
Effective Upon Incapacity✅ Yes❌ No
Revocable✅ Yes✅ Yes
Controls Asset Distribution✅ Yes✅ Yes

While both documents are important, a Living Trust offers far more flexibility and control.


Who Needs a Living Trust?

  • Homeowners who want to pass real estate without court delays
  • Parents who want to leave assets to minor children
  • Business owners protecting business succession
  • Anyone who wants to avoid probate and ensure smooth asset transfer

How EZ Living Trust Can Help

At EZ Living Trust, we specialize in helping families across Los Angeles and California set up comprehensive Living Trusts. We guide you step-by-step, so you feel confident and protected — now and in the future.


🔑 Key Takeaways:

  • A Living Trust lets you control how your assets are managed and distributed.
  • It avoids probate, ensures privacy, and protects you during incapacity.
  • EZ Living Trust provides easy, affordable estate planning you can trust.

Ready to create your Living Trust?
📞 Contact us today or visit https://ezlivingtrust.com/contact-us to learn more.

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Our mission is simple: Every family deserves peace of mind through a Living Trust and estate plan. We make estate planning affordable and accessible for working-class families across the U.S., helping protect homes from probate and ensuring smooth, cost-free wealth transfer to the next generation.

For families with basic estate needs, we offer an easy, affordable DIY online package—at a fraction of the cost of traditional law firms.

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EZ Living Trust is a division of Strategic Choices Financial, Inc. Neither is a law firm and cannot provide legal or tax advice. The information on this site is for informational and educational purposes only.

Strategic Choices Financial, Inc, dba EZ Living Trust is registered as a Legal Document Assistant in Los Angeles County, CA #987456, and is licensed and bonded.  

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