MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

The Biggest Myth About Living Trusts

25 Jan 2026 · 1 min

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In this video, Mark Kohler debunks the common misconception that a living trust locks in decisions permanently. He explains that a revocable living trust remains under the control of the grantor while they are alive, allowing it to be revoked or amended at any time. Kohler emphasizes the importance of regularly updating the trust to reflect life changes—such as the birth of a child, divorce, remarriage, property acquisitions, business succession plans, charitable intentions, or when children become adults—so that the trust continues to serve the family’s evolving goals. He argues that wealthy families treat trusts as dynamic tools rather than set‑and‑forget documents, using them to maintain business continuity and achieve long‑term objectives.

Chapters

Sometimes people avoid trust because they're afraid of locking in certain decisions that they'll regret later. That's not how a living trust works. While you're alive, you're the trustee. It's a revocable living trust for a reason. You can revoke it and change it anytime you want. You need to know. It's easy to update your trust and maintain it. New child, you can update it. Child in a problem, you can update it. You get divorced, remarried. A child gets divorced or remarried, you can update it. You buy property, you always have the trust to own it. You want a business continuation plan or a property exit plan, you'd lay it out in the trust so that your family knows how to handle it. Kids become adults, change distribution rules. You want to support a charity later in life, add that to the trust. See, wealthy families don't create a trust to forget it. They also maintain it in a way to maintain their business and their goals. A trust isn't set in stone, it's set in motion.