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The person creating the living trust is considered the Settlor or Trustor (these are synonymous). The Settlor appoints a Trustee to manage the Trust assets. The Trusee holds legal title to property for the advantages of another, also in order to the Beneficiary. Although the Beneficiary does not own legal title to your property, he or she is said to own beneficial game title. So you desire that the Trustee cannot do anything with the property that will not benefit the Beneficiary, like sell some off and pocket dollars. It the easier to think about about a Trust such as Corporation. The Trustee will be the CEO as well as the Beneficiaries your shareholders. And it has not uncommon for Trustee to be also a Beneficiary, although it's advisable which your Co-Trustee be named too.
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