Trust
Learn about trusts and how they work in estate planning. Discover trust structures, benefits, and how they help families protect assets and avoid probate.
What are the main types of trusts available?
The two primary categories are revocable and irrevocable trusts. Revocable trusts can be changed or canceled during the grantor's lifetime, while irrevocable trusts generally cannot be modified once established. Within these categories, there are specialized types like living trusts, testamentary trusts, and charitable trusts, each designed for different family situations and goals.
