Living trust in economics and finance

Hello everyone! Today, we delve into the world of economics and finance to explore the concept of living trust. A living trust is a legal arrangement that allows an individual, known as the grantor, to transfer their assets to a trustee, who manages and distributes them to beneficiaries as per the grantor's instructions. It's called a 'living' trust because it is created during the grantor's lifetime and remains in effect even after their demise.