A revocable living trust is a legal entity that holds a trustmaker’s property and avoids the need for probate when the trustmaker—also known as the grantor—dies. Since a deceased person cannot own land, probate is required to transfer properties from the decedent’s possession to the names of living beneficiaries after his or her death. | O’Flaherty Law – Learn About Law Legal Articles, Videos & Podcasts with O’Flaherty Law