Types Of Trusts

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A trust is a well-recognized legal instrument used to hold legal title to property for the benefit of one or more persons. Some of the common terms associated with trusts include:

What Are Some Common Types Of Trusts?

Trusts come in a variety of forms and can be established in many different situations. The most common forms of trusts include:

Do I Need An Attorney's Help In Creating A Trust?

Trusts can be structured to handle a variety of situations, but careful drafting is essential to make the plan work. If you choose to create a will or trust, consult with an attorney experienced in estate planning. The potential tax implications and legal formalities of will and trust drafting make a lawyer's counsel indispensable. A lawyer can explain all your options and help you understand what types of wills or trusts are right for you and your family.

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Last Modified: 06-20-2012 02:16 PM PDT

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