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DeSantis Law Group, INC

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What is a Living Trust?

  • By: Lorilee Desantis
  • Published: August 21, 2020

A Living Trust is another name for a Revocable Inter Vivos Trust, which is one type of trust. “Inter vivos” means “during life,” and refers to a trust that is created when the settlor (aka “grantor” or “trustor”) starts the trust during the settlor’s lifetime. Usually a Living Trust may be revoked or amended (changed) during the settlor’s lifetime. There are other types of trusts which have specific tax, economic or management purposes.

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