In the previous clip, we talked about the basic type of trust, or an express trust. However, there are other types of trusts that may be created as well. Today, we’ll be talking about some of the other common types of trusts.

Throughout our discussion, we’ll cover several types of trusts: charitable trusts, noncharitable honorary trusts such as pet trusts, spendthrift trusts, and remedial trusts such as constructive trusts and resulting trusts. Then, we’ll recap everything we’ve learned...