1 For others, buying a living trust can be a waste of limited resources.

2 These calls and mailings are probably selling living trusts, annuities, life insurance or a combination of these.

3 A living trust, or inter vivos trust, is created for the benefit of another during the settlor's life.

4 Seniors are bombarded with advertisements, phone calls and door-to-door salespeople insisting that living trusts work best for everyone.

5 Any conflicting designations of the assets in your Account by will, revocable living trust or any other instrument.

6 Thus, some people choose to set up a trust (often called a revocable living trust), a legal entity to which a person can assign all of their assets while they are alive.

7 Did you buy anything this year that needs to be transferred to your revocable living trust?