The term "trust" is a general term that really does not describe the many goals that a trust can accomplish. The following lists contains just a few examples:

•Revocable Living Trust (RLT): The RLT can be utilized to deal with the future disability of the beneficiary, to prevent will disparities, to avoid year's support claims, for asset protection, or to avoid probate. Some clients own out-of-state assets, which they place in an RLT to avoid ancillary probate in those states.

•Irrevocable Life Insurance Trust (ILIT): An ILIT is a trust created for the purpose of owning one or more life insurance policies. The primary intent of an ILIT is to make cash available to the decedent's estate yet prevent the policy's death benefit from being included in the decedent's taxable estate.

REVOCABLE AND IRREVOCABLE LIVING TRUSTS	ESTATE PLANNING
LIFE INSURANCE	SPECIAL NEEDS TRUST