Many people respond to advertisements about “living trusts.” Invariably the advertisement has an enticement, such as “avoid probate,” or “avoid taxes.” Sometimes people create a living trust, and sometimes they do not, but in almost all cases, the family does not have a good understanding of what the trust does, and very often, a mistaken impression that the trust will protect their assets if they need nursing home care. The words “living trust” simply mean that the trust is created and assets put into it while you are living. There are innumerable variations on what kind of “living trust” you can have.





