Because a living trust escapes the probate process, the plan of distribution you describe is set in motion immediately at your death. There are none of the delays that occur under distribution by will. With a trust plan, you can be sure your assets ultimately will benefit the charitable institution that means so much to you. Flexibility of planning. Another advantage of a living trust is the overall flexibility it provides.
Most living trusts are revocable.
This gives you the freedom to amend, add to, or even completely revoke the trust agreement as you wish. Freedom of control. Living trusts give you the freedom to name both the beneficiaries and the trustee. Most likely you will name yourself as the trustee during your lifetime and maintain the right to appoint and select successor trustees and beneficiaries. You also control the income and principal and how much of it you wish to use during your lifetime.