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Protecting Your Assets Are Your Assets at Risk? Using Asset Protection Trusts Common Types of Trusts
Protecting Your Assets Are Your Assets at Risk? Using Asset Protection Trusts Common Types of Trusts
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PrintCommon Types of Trusts
Given the nature of a trust, they can be created for almost any purpose imaginable and can include practically any conditions and requirements that you desire.
Over the years, however, a number of types of trusts especially useful for common purposes have been developed:
- The Grantor Trust (and by extension, the Totten Trust)
- The Bypass or Credit Shelter Trust
- The Marital Deduction or QTIP Trust
- The Irrevocable Living Children's Trust
- The Irrevocable Life Insurance Trust
In addition, there also is the specialized asset protection trust.
