A living revocable trust helps individuals avoid probate, and the hassles and expenses that come with it. It also allows individuals to keep their estate private, so that it is only available to their immediate family in case of their demise. This legalized document enables you to appoint a trustee who is responsible for holding title and managing your funds in the most effective manner. However, as the grantor, you have the ability to modify your living trust the way you find feasible up until you pass. Moreover, not only does transferring funds into a living revocable trust save you a lot of time, but it also helps you save thousands of dollars in official fees.