But you're wrong. This doesn't mean that Mr. Jones can't drive the car. You see him riding around all the time. He takes it to and from work and business appointments. He just doesn't, technically, own it.
Trusts often serve as sound estate-planning tools.
They can help reduce your estate- tax levy. And, since they bypass probate, they make for an easy transfer of assets from you to your heirs. Charitable trusts can even help lower your income tax payments. Any revocable trust you establish can be changed or rescinded during your lifetime. There are many reasons why you might want to revoke a trust.