Trusts
Learn how trusts work in estate planning. Discover types of trusts, benefits for families, asset protection strategies, and how trusts help manage inheritance.
What are the main types of trusts available for estate planning?
The two primary categories are revocable and irrevocable trusts. Revocable trusts, like living trusts, can be modified during your lifetime and help avoid probate. Irrevocable trusts cannot be changed once established but may offer tax benefits and asset protection. Within these categories, there are specialized options like charitable trusts, special needs trusts, and testamentary trusts, each designed for different family situations and goals.














