GRIT trusts are often used by those with a fairly large estate to reduce the size of the tax burden on that estate. Read more about this estate management tool here.

Blind trusts can create a layer of separation between your employment and investment, helping you avoid conflict of interest between your assets and your professional or political activities.

Certain types of trusts called constructive trusts can be established against one’s will to remedy situations of "unjust enrichment." This occurs when someone possesses assets through breach of fiduciary duty or fraud.

If you would like to free yourself and your children from high estate taxes, a Qualified Personal Residence Trust (QPRT) can help. Once established, this trust will help you “freeze” the value of your residence and reduce the gift tax incurred when transferring your assets to your children.

As estate-protection tools, trusts have a reputation for being less flexible than simple bank accounts. While this is by and large true, Totten trusts are essentially bank accounts with a named beneficiary.

If you are looking for an effective way to reduce or eliminate estate taxes while keeping all the death benefits from your life insurance policies, this trust may be the right choice for you.

If you are leaving money behind for heirs who are new to managing money or have a hard time controlling their spending, you should look into spendthrift trusts.

By utilizing a generation-skipping trust, you are “skipping” one round of the inheritance tax, which can be a very significant benefit depending on the size of your estate.

For altruistic and financially savvy individuals with nonessential assets (such as stocks or real estate), a Charitable Trust could offer tax incentives and several financial benefits for you, your beneficiaries, and a charity of your choice.

High income earners may not find it necessary to qualify for benefits, while low income earners have no reason to worry about their eligbility. However, those who earn a little too much to qualify, but are close, should consider using one of these two trusts to become eligible.

Making sure you are setting up the right financial plan for your spouse, family, and legacy is one of the primary concerns in end-of-life planning. We’d like to cover which trust arrangement works best for married couples.

It is crucial that pets get necessary treatment and care in the event of an owner’s hospitalization or death. To promote the safety and well being of pets during these unfortunate events, the establishment of a pet trust is a must.