and by having a trust you have written out what you would like to happen to your box if you die. The Trust is a legal entity created to hold ownership of an individual's assets. The person who forms the trust is called the guarntor or trust maker, and in most cases, also serves as the trustee, controlling and managing the assets placed there. Some trust makers prefer to have an institution or attorney acts as trustee.. A revocable living trust covers three phases of the trust maker's life: his/her lifetime, once the grantor is deceased the trust becomes an irrevocable trust meaning no changes can be made. The trust covers the grantor during possible incapacitation, and dictates what will happen after his/her death. Creating a trust is extremely beneficial to the family members of the guarantor. It is also very comforting to the guarantor to know they have avoided probate, and has created a plan laid out for their children and or pets. Family members will not have to guess what you would of wanted. Creating the trust yourself is basically free. But it does require putting in the time to complete the paper work and completing the process by funding the trust, putting your stuff in the trust name which is the box.