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A trust that can be altered or dissolved by the grantor during their lifetime. It is often used in elder law for estate planning and to avoid probate.

A trust that cannot be modified or terminated without the permission of the beneficiary. Used in elder law to protect assets from being counted for Medicaid eligibility.

A trust designed to benefit an individual with disabilities without disqualifying them from government assistance programs like Medicaid or SSI.

A type of irrevocable trust that enables individuals to qualify for Medicaid by holding their assets outside of their countable estates.

A trust that is created upon the death of an individual, as dictated by their will. It can provide for minors or individuals with special needs.

A trust that provides income to the grantor and then donates the remainder to charity. Used in elder law for tax benefits and philanthropy.

A financial instrument that allows a grantor to contribute assets to a trust and receive annual payments for a set period, with the remaining assets going to beneficiaries.

A trust specifically designed to hold a life insurance policy, which can help manage estate taxes and ensure the policy benefits are used as intended.

Also known as a Miller Trust, it is used to help individuals with too much income qualify for Medicaid by directing income into the trust.

Allows a grantor to provide for a surviving spouse and also maintain control over the trust's assets after the spouse's death, which can be important for blended families.

A trust that provides a beneficiary with income while protecting the trust's principal from the beneficiary's creditors and/or poor spending habits.

Designed for veterans, this trust helps protect assets and qualify for certain VA benefits, similar to Medicaid asset protection trusts.

A type of irrevocable trust where the grantor is only entitled to the income generated by the trust assets, which can protect the principal for Medicaid planning.

A trust where the trustee has full discretion on when and what payments to make to beneficiaries, often used to protect beneficiaries from poor financial decisions.