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Estate Planning

A Guide to Common Types of Trusts

Overview

Trusts have a reputation for being complicated, but each type generally exists to solve a specific problem, avoiding probate, providing for a spouse without disinheriting children, protecting a beneficiary with special needs, or removing assets from a taxable estate.

The right trust, if any, depends heavily on the goal. A trust built for tax efficiency looks very different from one built to protect a vulnerable beneficiary.

What this checklist covers

  1. 1Revocable and irrevocable trusts
  2. 2Marital and bypass trusts
  3. 3Special needs and asset protection trusts

Common questions

Work through the full estate checklist

Every item to confirm across documents, accounts, and beneficiaries.

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Related Resources

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Sourced from a licensed fpPathfinder reference guide. Page copy is original summary content.