A trust is one of the most important tools you have as a family lawyer. It can help reduce conflict and enhance your overall financial security. Here are four types of trusts: 

1. Living Trust. A living trust is a Trust will That lasts for as long as you live. You can appoint whomever you want to manage your assets while you're alive, and then name someone to take care of your estate after you die. This type of trust is especially useful if you don't want to deal with complex estate planning issues or you don't know how long you'll be alive. 

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2. Revocable Trust. A revocable trust is similar to a living trust, but it's less permanent. You can change the terms or beneficiaries of a revocable trust at any time without having to go through the probate process. This type of trust is good if you want more control over your finances but aren't sure how long you'll live or what kind of estate plan you want to create. 

3. Irrevocable Trust. An irrevocable trust is the most permanent type of trust and ensures that your assets will always be protected no matter what happens in the future. You can't change or revoke an irrevocable trust, which makes it ideal for property or inheritance planning purposes. 

4. Sole proprietorship Trusts (aka Business Trusts). 

A sole proprietorship trust is a type of trust that's used to protect your business assets. This type of trust is created when you own and operate your own business on your own behalf. The trust is designed to help you manage and protect your business assets, including cash, inventory, and other property.