When doing serious estate planning, trusts are almost always used in one way or another. Trusts can accomplish everything a will can plus much more. Because a Living Trust is not administered by a probate court, and because it is so flexible, it is the most common type of trust used in estate planning.

Some of the uses of trusts are:

  • Transfer Wealth to Heirs
  • Estate Tax Reduction
  • Probate Avoidance
  • Guardianship Avoidance
  • Asset and Income Management
  • Asset Protection/Limited Liability
  • Privacy

Some of the most common types of trusts are:

Without a doubt, the most common estate planning trust is the Living Trust. Please read more about this trust on our Living Trust page.