A revocable living trust is often used in estate planning to organize assets under a single, flexible arrangement while the grantor remains in control during life. The trust can hold real estate, financial accounts, and personal property, allowing instructions to be set out in advance for how those assets should be managed and distributed.

Estate planning with a revocable living trust can reduce disruption for family members and other beneficiaries by creating a clearer roadmap for the transition of property. Because the trust continues to exist after the grantor’s death, it can provide continuity of management, help avoid certain court proceedings in many situations, and support a more private and orderly transfer of assets.