One of the best estate planning alternatives is a Revocable Living Trust, also called the intervivos (Latin for "while living") trust. A Revocable Living Trust is a simple and sure way to make certain your estate assets are distributed as you desire.

It is "Revocable" because you can change the terms or cancel it at anytime during your life.

It is "Living" because the trust takes effect while you are still alive.

It is a "Trust" because it creates a place where assets are available for your normal use now and will be available for distribution at your death.

The individual who creates a trust is called the Grantor. The individual who manages the assets placed in the trust is called the Trustee. The individual who receive benefit or enjoyment from the assets inside the trust are called the beneficiaries. The trust you create using Legacy materials will name you (and your spouse, if applicable) as Grantor, Trustee and Beneficiary.

In other words, even though you transfer legal ownership of your assets to the trust, by naming yourself as trustee of the trust, you keep complete control over your property. You can manage, sell, borrow against, or give away the assets in your trust as you please.