There are many reasons why an estate plan in Texas might include the use of living revocable trusts. Such living trusts give the grantor the opportunity to distribute assets while alive and to fashion trusts in the shape and manner desired to provide for one's heirs. Because they are revocable, the grantor retains control over the assets should changes be desired.
A trust can be funded with cash, life insurance, securities or any other assets. The popularly cited benefit of living trusts is that they do not go through probate at death. Thus, they are kept private as opposed to testamentary assets, which are a part of the public record of the decedent's estate.