A living trust, also known as a revocable trust or family trust, is a legal 
document which transfers title or ownership to your real and personal property. 
When you create a living trust you transfer ownership of your assets to the trust, 
but you do not relinquish any control over the assets. You can still buy, sell,
 borrow or transfer property as a trustee.

A living trust also includes the details and instructions for how you
want your estate to be handled at your death. Trusts have the advantages of:

• Preventing your personal financial affairs from being made public.
  
• Removing chance that the courts will control your assets at incapacity.
  
• Increasing flexibility to leave assets to your minor children or grandchildren.
  
• Allowing your property to pass outside of costly and protected probate proceedings.