A living trust (also called an “inter vivos trust”) is a legal document that describes how your assets will be managed now and after your die, who you want to receive certain property or money, and it avoids probate.
You can be your own trustee so you have full control over all your assets until you die. After that, the person who you choose will become your successor trustee to take over the decision-making. They must do what is written in the trust documents or the beneficiaries you choose can remove them from the position.
The trust usually is revocable, which means you can make changes or even end the trust at any time while you are alive or of sound mind. A married couple can combine all or some of their assets into one trust or separate trusts.
Again, a living trust does not go through probate.