The word “trust” gets used quite broadly, creating potential confusion. While a “living trust” is a widely discussed instrument for estate planning, it’s crucial to understand that not every trust is a living trust. We’ll break down the key distinctions.

What is a Trust?

Simply put, a trust is a legal arrangement where someone (the grantor) places assets (property, investments, etc.) under the management of a trustee for the benefit of named beneficiaries. Trusts provide flexible control over asset distribution and come in several forms.

Two Primary Trust Categories

Other Trust Types

To further illustrate the variety, here are a few additional trust types:

Why the Focus on Living Trusts?

Probate avoidance is a significant concern for many people. Living trusts offer a relatively straightforward way to achieve this, making them a common tool within estate plans.

Is a Trust Right for You?

Choosing the right type of trust (or if any trust is needed) depends on your goals and situation. An estate planning lawyer can assess your needs and advise on the following:

Seek Clarity With Experienced Guidance

Ready to explore your estate planning options? Our firm assists clients in creating secure plans tailored to their needs. Schedule a consultation to learn more about how trusts can serve you.

Contact us today for a comprehensive consultation and be sure to mention this article for a focused discussion on your specific needs.


This article is a service of Miller & Miller Law Group. We do not just draft documents; we ensure you make informed and empowered decisions about life and death, for yourself and the people you love.



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