Charitable trusts allow you to help support a worthy cause while creating a lifetime income for you or your chosen beneficiaries.” Although dozens of types of trusts exist, the four most common are revocable, irrevocable, testamentary, and charitable trusts. While each has the same “three-parties plus assets” structure, they often serve different purposes, may go into effect at different times, and offer diverse benefits. In this blog, we discuss the ins and outs of charitable trusts. Check out our other blogs for details on testamentary, revocable and irrevocable trust.