Learn about some of the different types of trusts available through this informative matrix.
- A trust provides a flexible and advantageous way for you to leave your assets to future generations while reaping certain present benefits.
- The type of trust that is best for you will depend on your specific circumstances and what you hope to achieve through the establishment of the trust.
- Types include living trusts and testamentary trusts, and revocable and irrevocable trusts.
Trusts can be extremely effective estate planning tools for minimizing taxes and caring for your beneficiaries according to your wishes, both during and after your lifetime. There are many different types of trusts, and they can be complex. Benefits may include tax minimization, asset protection, multigenerational wealth transfer, charitable giving, and many others.
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