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Wills and Revocable Living Trusts WILLS There are a few key advantages of revocable living trusts. Revocable living trusts hold title to assets before death. Revocable living trusts also provide a center for management when they are funded. You can name appoint a trustee, guardian, or conservator can be named to act on behalf of you during your lifetime. Assets held or titled to your trust dodge probate. Furthermore, revocable living trusts can split into additional trusts. Probate Will Assets Death Family Trust Marital Trust Death Revocable Living Trust Marital Trust Family Trust