Setting up a living trust is perhaps the best ways to transfer your estate to another entity, but how do they work? Those that puts their property into the living trust known as the trustor. He trustee is the person that manages the assets and buildings. And of course, the individual or entity that receives the benefits from a living trust is called the named beneficiary. Most of the time, the trustor plays function of both trustee and trustor.

Think of it. When your bank loans you money, appeared not the bank's money