§ 21108 Grantor Trustee Powers Transfer

• •If you create a trust, you (or your spouse) can manage it while you're alive.
• •After you (and your spouse, if applicable) pass away, the people you named as trustees take over.
• •The trustees you picked must follow the rules you set in the trust.

A dad sets up a trust to hold money for his kids. He manages the money while he's alive.

While the dad is alive, he controls the trust. When he dies, the person he named as the new trustee (like a family friend) takes over and manages the money for the kids.