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There are many different kind of trusts used for many different reasons. The following are 10 common types of trusts that individuals, couples, and families use to keep what they have "in the family" and protect the estate from outside sources:
1. Revocable Living Trust
2. Trust for Minors
3. Medicaid Trust
4. Special Needs Trust
5. Testamentary Trust
6. Spousal Trust
7. Irrevocable Life Insurance Trust
8. Charitable Trust
9. Asset Protection Trust
10. Crummey Trust
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Paul Rabalais
Estate Planning Attorney