Types of Trusts

Term:  If a trust is distributed for a term of years, the trust provides periodic distributions to a non-charitable beneficiary for a period not in excess of 20 years.

Life:  If a trust is distributed for life, the trust provides periodic distributions to a non-charitable beneficiary for a period not in excess of the life expectancy of the individual. If you choose a life trust, the program can calculate up to five lives.

Shorter:  If a trust is distributed for shorter, the trust ends immediately at the donor's death or end the term, whichever is less. If you choose a shorter trust, the program can calculate up to five lives.