Estate Planning means planning for arrangements to give one’s assets as estate and gift before his/her death(when he/she is in a stable status to make a decision). In other words, estate planning is a process to facilitate the transfer of grantor’s estate to a desirable beneficiary —which includes a process of establishing a living trust before death.

As a trust that can be corrected before one’s death, a revocable living trust is often called a living trust. Its purpose is to manage assets and distribute them after the trustor’s death, and it can be directly managed by the trustor before death. It allows the successor trustee to manage the assets if the trustor becomes unable to manage their daily affairs or upon their death. Ultimately, the assets are inherited by the beneficiary in accordance with the inheritance provisions established through the trustor's living trust after the trustor's death.