Is a Living Will the Same as a Living Trust?


Though the names may be very similar, a living will and a living trust are not the same, nor do they serve the same purpose.  A living trust is a type of trust that holds and manages your assets while you are still alive, then distributes those assets to your beneficiaries upon your death.  A living will, on the other hand, is a term commply used to describe a legal document that provides your instructions regarding the court of medical treatment you want followed if you become unable to express those intentions later on. What is a living trust? A trust is essentially a fiduciary agreement between the person making the trust (trustor) and the trustee.  That means the agreement is based on confidence and trust.  This agreement gives the trustee the power to manage the trust assets and distribute those assets to the named beneficiaries as identified in the trust agreement.  A “living trust” is a specific type of trust meant to become effective while you are living, as opposed t
http://www.norcalplanners.com/blog/estate-planning/is-a-living-will-the-same-as-a-living-trust/

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