How a Living Trust Can Help You Control Your Estate

A revocable living trust is a legal arrangement that can help control how assets are managed and distributed, both during life and after death. Assets placed into the trust are legally owned by the trust, but the person who creates it can still manage them as trustee—buying, selling, or giving assets away. When properly funded, a living trust can avoid probate, allowing heirs to receive assets without the delays and court costs that often accompany the probate process.

For some couples, an A–B trust structure (marital and bypass trusts) may be used to help maximize estate tax exclusions—particularly where state estate or inheritance taxes are a concern—while also offering other planning benefits. Trusts can provide advantages, but they may involve upfront setup costs, ongoing administrative fees, and complex tax rules, so professional guidance is important.

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