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
- 1Revocable and irrevocable trusts
- 2Marital and bypass trusts
- 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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Sourced from a licensed fpPathfinder reference guide. Page copy is original summary content.



