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In a living trust, there are typically three distinct roles — trustor (creator), trustee (manager), and beneficiary (receiver). While you’re alive, you’re usually all three. But when you’re gone or incapacitated, your successor trustee can only manage — not change — your trust. And your kids? They’re just future (contingent) beneficiaries until that day comes 👨‍👩‍👧‍👦📜 #EstatePlanning #LivingTrust #Trustee #Beneficiary #EstateEducation TrustLaw | Preston Estate Planning, APLC
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