Living trusts are a trend in estate planning which allows for assets in your name to be held for your benefit while you are alive. In many cases a living trust will help your family avoid the messy and time-consuming probate procedures in your state ...

A living trust, which is created during the grantor's lifetime, is an estate planning tool used as a holding area for many types of property, including bank accounts, real property and personal property.

In North Carolina, irrevocable living trusts can be established during a person's lifetime, often for estate planning purposes. In contrast to revocable trusts, irrevocable trusts typically may not be withdrawn or modified once they are created.