-
- To save this word, you'll need to log in.
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
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
Examples are automatically compiled from online sources to
show current usage.
Read More
Opinions expressed in the examples do not represent those of Merriam-Webster or its editors.
Send us feedback.
Word History
First Known Use
1913, in the meaning defined above
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 23 Dec. 2024.
Legal Definition
living trust
see trust
More from Merriam-Webster on living trust
Britannica.com: Encyclopedia article about living trust
Love words? Need even more definitions?
Merriam-Webster unabridged
Share