In the living estate trusts, the person who is recognized as the main regulator of the assets of the trust is called as trustee. In some cases, it is referred as Grantors. As far as the benefits from such estate trusts is concerned, the successor of such trust who are mainly the recipients get the advantages after the death of the Grantor.
The concept of living estate trust has a historical background of 16th century. At that period, in England, the landowners prevent their land possession from the King by formulating the own trust and utilize the trust to eliminate the king interference. However, after regular concern with several landowners, the King decided that he could easily supervise the allocation of the land property after the death of the landowner. Therefore, such supervision on allocation of the property shifts into the first form of the probate, which is proof of validity of will.
As a substitute for such process, the landowners formulated the trust with Church. In that land estate trust, there would endeavorance of the property to the Church.  In such land estate trust, the landowners was promised by the Church that the it would allocate such land to the successor of the property owners after the death of the property owner.