living trust

noun

: a trust that becomes effective during the lifetime of the settlor

called also inter vivos trust

Examples of living trust in a Sentence

Recent Examples on the Web
These examples are automatically compiled from online sources to illustrate current usage. Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Even a basic estate plan involving a revocable living trust requires retitling accounts and updating beneficiaries after the documents are completed. Brian Niksa, Forbes, 9 Oct. 2024 Payable-on-death accounts might be a solution for people with simple situations and too few resources to justify a living trust. Liz Weston, Los Angeles Times, 6 Oct. 2024 However, if the property was owned in a living trust, which is a common estate planning method, the trust agreement will appoint a new trustee who can sign the deed at closing without waiting for probate. Gary Singer, Sun Sentinel, 11 July 2024 The good news is that updating a living trust typically costs a lot less than setting it up in the first place. Liz Weston, San Diego Union-Tribune, 31 Mar. 2024 See all Example Sentences for living trust 

Word History

First Known Use

1913, in the meaning defined above

Time Traveler
The first known use of living trust was in 1913

Dictionary Entries Near living trust

Cite this Entry

“Living trust.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/living%20trust. Accessed 5 Nov. 2024.

Legal Definition

living trust

see trust

More from Merriam-Webster on living trust

Last Updated: - Updated example sentences
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