What Is A Trust And How Many Are Available?
Putting assets into a trust can help prevent interpersonal conflicts and mismanagement of funds. Starting the process can seem overwhelming, though, just because there are so many kinds of available trusts. A law firm in Jacksonville counts 37 different types of trusts, classified by their purpose. For example, there are trusts for elder care and trusts for children’s future education, among many others. Another classification system recognizes only two kinds