Lesson 4: Types of Trusts Pt.2 — kingsofsaints.org

Discretionary Trust:

Trustee decides how/when to distribute benefits
Beneficiaries have no guaranteed right to assets
Great for protecting wealth from outside claims or court orders

Spendthrift Trust:

Prevents beneficiaries from wasting money or selling rights to future trust payments
Powerful legal shield against debt collectors & lawsuits

Private Family Trust:

Holds family assets (homes, vehicles, heirlooms)
Keeps property outside probate court and government reach
Allows spiritual succession of purpose + wealth