The administration of a Revocable Living Trust is barely noticeable to you. It is easy. You still own the property and manage it. However, to avoid probate, we simply change the property ownership a bit. Remember, the person who creates the trust is the “Grantor.” That’s you, the person who creates the trust. You are also the “Trustee.” While you are alive you are also the “Beneficiary.” If you pass and leave a surviving spouse, he or she remains the Trustee and Beneficiary. When he or she passes, the Trust terminates and the property is paid out to kids without probate, hassle or stress.
The illustration below shows how simple it really is.