A living trust is a legal document that places your assets into a trust during your lifetime, and names a person to manage the trust’s assets (the trustee) for the duration of your life. After you die, a living trust then transfers your assets to the people or organizations you choose. These people or organizations are called “beneficiaries.” The trustee you appointed will then be in charge of paying debts and taxes. He or she will also distribute the assets in the trust to the proper beneficiaries.

What Is the Difference Between a Trust and a Will?
A California living trust attorney can create a trust document. This document states what property is part of the trust, who will inherit that trust property, and names you as a trustee.