Bezaire, Ledwitz and Associates gladly offers clients legal advice in all aspects of living trusts. A living trust is similar to a will in that it describes how your property is distributed at the time of your death. During your lifetime, you maintain control over your assets and have the authority to alter your trust. Living trusts are preferable to wills because wills are subject to the federal estate tax and the lengthy, expensive process of probate. Setting up a living trust will keep your estate out of probate and reduce or even eliminate estate taxes.