A living trust can be a helpful estate planning tool, and it can help manage ... (the beneficiaries),'” said Simasko. In the above example, when the principal dies, child A will be responsible ...

One of the best things we can do for ourselves and our loved ones is create an estate plan, Helen Tuckman writes.

This can lead to significant savings through a proactive estate planning process. For example, particularly with revocable trusts, it's important to follow through and fund them properly.