A revocable living trust allows you to create a sperate entity that holds your assets while you are alive but also allows you more control over to who and when your assets should be distributed.

It can allow greater control. You can have a trustee that controls that assets until such time as children( grandchildren , etc) are responsible enough to handle the funds. You are able to decide at what age they should recieve the funds along with allowing the fundsa to be used for school, health care and other purposes.

Another benefit is it allows the assets to stay with family members even if someone passes away or divorces. It is very important if remaried and wish to leave assets to children from a prior marriage.

The trust also avoids probate court. A will does not. It can save time and money along with the stress of probate. this type of trust does not protect from nursing home care ( that is an irrevocable trust)