A Living Trust is often referred to as a Revocable Trust. The primary reason for establishing a Trust is to avoid probate. Probate is the court-supervised process of proving a Will and distributing the assets of the deceased according to that Will. The probate process becomes public record, can be lengthy, time consuming and expensive. Unlike a Will, a Living Trust is the best way to avoid probate and protect your privacy. Generally, the assets held in your Trust at your death will escape probate and remain a private concern.