Trust structures play a crucial role in the world of finance and asset management, providing individuals and organizations with various ways to protect their wealth and achieve their financial goals. At its core, a trust is a legal arrangement that allows one party to hold assets on behalf of another, ensuring that the assets are managed according to the specific wishes of the grantor. There are many variations of trusts available today, such as revocable trusts, irrevocable trusts, testamentary trusts, and living trusts, each designed to serve different purposes and accommodate unique situations.