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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

Preview of the A Guide to Common Types of Trusts checklist

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

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