While the basic structure of a trust remains pretty much the same, there are several different types of trusts with different purposes and specifics. The five main types of trusts are living, testamentary, revocable, irrevocable, and funded or unfunded.
But even beyond those, there are dozens of kinds of trust funds. Each different kind has its own uses and purposes, but most follow the same basic structure of a traditional, three-party trust.
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A will is a legal document that allows you to decide what you would like to do with your money and wealth after you have passed away. There are many types of wills and choosing the right type is critical in safeguarding your interests even after you have passed away.
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Crystal Clear Wills and Trusts
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