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A Living Trust is typically a Revocable Trust meaning the Grantor. Selecting Trustees Living Trust Network. What Everyone Should Know About Trusts. The Difference Between a Power of Attorney and a Trustee in. There are three roles under a revocable living trust The person who makes the trust may be called the settlor grantor or trustor The person who makes decisions about the money or property in the revocable living trust is called the trustee A trustee can be an individual or a financial institution. Can a Trustee Remove a Beneficiary from a Trust RMO Lawyers. Revocable vs Irrevocable Trusts What's the Difference. Can a Trust Be Changed After its Creator Has Died. When you establish a Revocable Trust as part of your estate planning you the grantor also known as the trustor make yourself the trustee of the assets you. At your death a successor trustee distributes the assets in the trust according to your instructions There are pros and cons to revocable living trusts At PWB we.