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living trust

noun

  1. a trust that takes effect during the lifetime of the settlor.


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Example Sentences

Examples have not been reviewed.

Dear Liz: My husband agreed to serve as successor trustee for his brother鈥檚 living trust several years ago.

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Dear Liz: I have named my daughter as executor of my revocable living trust.

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After the recent devastating Los Angeles fires, I heard from friends that we should add the name of our living trust to our home insurance policy because our house is in the trust.

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Furthermore, beneficiary designations usually override the terms of a will or living trust.

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Dear Liz: Is naming a beneficiary for a nonretirement, 鈥減ayable on death鈥 account as effective as putting the account in a living trust?

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