Secure Family Future Easiest Trust Setup Ever
Types of Trusts You Can Consider
There are several types of trusts, each serving different purposes and offering unique advantages. The most common types include:
- **Revocable Living Trusts**: These allow you to retain control over your assets during your lifetime and make changes as needed. They provide flexibility and can help avoid probate1.
- **Irrevocable Trusts**: Once established, these cannot be easily altered. They offer tax benefits and asset protection from creditors2.
- **Testamentary Trusts**: Created through a will, these come into effect after your death and are useful for managing assets for beneficiaries over time3.