Living Trust: Definition, How Living Trusts Work

Living trusts, often called revocable living trusts, can help you manage your assets during and after your life.

Updated Jun 19, 2024 4:28 p.m. PDT · 1 min read Written by Tiffany Lam-Balfour Lead Writer

Tiffany Lam-Balfour
Lead Writer | Merrill Lynch, UBS AG, UBS Global Asset Management, Credit Suisse

Tiffany Lam-Balfour is a former investing writer and spokesperson at NerdWallet. Previously, she was a senior financial advisor and sales manager at Merrill Lynch. Her work has been featured in MSN, MarketWatch, Entrepreneur, Nasdaq and Yahoo Finance. Tiffany earned a finance and management degree from The Wharton School of the University of Pennsylvania.

Assistant Assigning Editor

Tina Orem
Assistant Assigning Editor | Taxes, small business, Social Security and estate planning, home services

Tina Orem is an editor at NerdWallet. Prior to becoming an editor, she covered small business and taxes at NerdWallet. She has been a financial writer and editor for over 15 years, and she has a degree in finance, as well as a master's degree in journalism and a Master of Business Administration. Previously, she was a financial analyst and director of finance for several public and private companies. Tina's work has appeared in a variety of local and national media outlets.