Living Trust is a term that many Indian families come across in the overseas context, especially in the US. The functional equivalent in India is an inter vivos private trust, governed by The Indian Trusts Act, 1882. While not a perfect replica of a US style revocable living trust, it still remains a powerful tool for succession, continuity and protection of vulnerable beneficiaries. This article explains how a trust works in India, who owns the assets, the difference between a trust and a will, what should generally not to be placed in a trust, the step by step creation process, realistic costs and the limited online options available.