What’s more, if assets aren’t titled correctly, they might be excluded from the trust, defeating the whole purpose of creating one. Do-it-yourself forms could also be more likely to face legal ...

1. Determine What Type of Trust Is Best The two common forms of trusts are irrevocable and revocable. Your finances and goals will be deciding factors in which one is better for your situation.

Eccles, Robert G., Jr. "Price, Authority, and Trust: From Ideal Types to Plural Forms." Annual Review of Sociology 15 (August 1989).