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The person creating the Living Trust is known as the Settlor or Trustor (these are synonymous). The Settlor appoints a Trustee to operate the Trust assets. The Trusee holds legal title to property for as well as another, often known as the Successor. Although the Beneficiary does not own legal title to the property, she or he is said to possess beneficial topic. So you can imagine that the Trustee canrrrt do anything using the property that does not benefit the Beneficiary, like sell some off and pocket the cash. It may be easier in to a Trust like a corporation. The Trustee is the CEO and the Beneficiaries always be shareholders. And it is not uncommon for Trustee to be also a Beneficiary, although it's advisable that a Co-Trustee be named also.<br><br>There is often a solution if you have any reservations or doubts about your successor trustee. You can name co-trustees to watch each other, if you can depend on them for you to co-conspire. 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