Nothing changes but the names on the titles. No, and your attorney, trust officer, financial adviser and insurance agent can help. Most living trusts also include jewelry, clothes, art, furniture, and other assets that do not have titles. One of the benefits of a living trust is that all your assets are brought together under one plan. It can only protect assets that have been transferred into it.
Court approves all expenses, oversees financial affairs.
Same as no will. Your successor trustee manages your financial affairs according to instructions in your trust for as long as necessary. Debts paid and assets distributed by successor trustee according to instructions in your trust. Same as no will. Costs can increase if will is contested.