A Revocable Living Trust is an Estate Plan in which you leave instructions for your Trustee to care for you in life and for your beneficiaries after death.
Most people prefer Revocable Trust based plans because, unlike Wills, they do not have to be Probated. Depending on your assets, the cost can be far less in administrative fees and you will be able to keep your affairs private.
In almost every case, you will be your own Trustee while you are alive and capable of to making sound decisions. You can then name friends or family members as the Trustee of your trust. Doing so will ensure that they can make financial decisions on your behalf when you are no longer capable, and distribute your assets according to your wishes after your death.