Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are there different kinds of trusts?

April 26, 2017different trusts

0

Posted

Are there different kinds of trusts?

1 Answer

0

Posted

A. There are many kinds of trusts. The area of trust law is very complex and requires consultation with an attorney in order to enable you to gauge whether a trust is appropriate for your individual circumstances. You do not have to be rich to have a trust, but trusts are not appropriate for everyone. In fact, for many individuals, using estate planning techniques other than creating trusts may actually be more appropriate under their individual circumstances. Consultation with an attorney in this area of law is the key to a successful outcome.