A trust is an arrangement under which one person, called a trustee, holds legal title to property for another person, called a beneficiary. You can be the trustee of your own living trust, keeping full control over all property held in trust.
A "living trust" is simply a trust you create while you're alive, rather than one that is created at your death.
Jennifer Lee Busto, Ph.D.
REALTOR®, Certified Residential Specialist
Coldwell Banker Pacific Properties
1314 S. King St., Second Floor
Honolulu, HI 96814