What is another word for living trust?
Pronunciation: [lˈɪvɪŋ tɹˈʌst] (IPA) 
A living trust is a legal document that is created during an individual's lifetime to manage and protect their assets. There are several synonyms to this term, including revocable trust, inter vivos trust, and grantor trust. A revocable trust is a living trust that can be amended or revoked at any time by the individual who created it. An inter vivos trust is another term used to describe a living trust, as it is created while the individual is still alive. Finally, a grantor trust is a trust in which the individual who created it retains control over the trust property and is responsible for paying taxes on any income generated by the trust. Overall, these synonyms can be used interchangeably to describe a living trust.
