 TITLE: What Is a Trust and How Can It Help Me? CONTENT: Types of Trust Funds\n--------------------\nThere are several different types of trusts you can set up, and each provides unique features to meet various needs.\n*   **Irrevocable trust**: Once assets are placed in an irrevocable trust, the grantor no longer has control over them, and it can be difficult to make changes or revoke the trust. Because the grantor no longer controls the assets, they are protected from the grantor's creditors.\n*   **Revocable trust**: This type of trust allows the grantor to continue to control the assets during their lifetime. It's also often called a living trust, and the grantor can make changes to or revoke the trust at will. Assets in a revocable trust fund aren't protected from creditors.\n*   **Blind trust**: With a blind trust, the beneficiary is unaware of who holds the power of attorney to the trust fund.\n*   **Charitable trust**: This trust allows the grantor to make donations to a charitable organization as they see fit.\n*   **Generation-skipping trust**: Specifically designed to benefit a grandchild of the grantor.\n*   **Special-needs trust**: Created for a beneficiary who has special needs. The assets received by the beneficiary from the trust don't disqualify them from government benefits.\nWork with an attorney or financial advisor to discuss the different types of trusts that may apply to your situation and which one is the best option for you and your beneficiaries. END