Web Reference: Feb 28, 2025 · Each trust falls into six broad categories: living or testamentary, funded or unfunded, revocable or irrevocable. A trustor creates a trust with the help of an attorney. The trustor's... Jun 30, 2025 · A trust is a legal vehicle that allows a third party — a trustee — to hold and direct assets in a trust fund on behalf of a beneficiary. Mar 23, 2026 · Online and do-it-yourself options walk you through how to set up a trust. Revocable trust, irrevocable trust, living trust, or testamentary trust, all options are available to people from all economic strata.
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