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Maximizing Returns With Reits A Beginner S Guide To Real Estate A living trust is an estate planning document you create that will transfer assets to your trust which will be transferred to your beneficiaries after you pass on. unlike a will, which takes effect upon your death, a living trust takes effect once you have signed the document. your trust becomes the owner of your property and the trustee you. Trusts can be expensive to set up and maintain. types of trusts a trust can be tailored to your needs. there are many types of trusts and some of the more common ones include: living trust (also known as revocable trusts): with these trusts, you can change the beneficiaries and assets while you’re alive and physically and mentally able to do so.
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