CFP®, CERTIFIED FINANCIAL PLANNER® and federally registered CFP (with flame logo)® are certification marks owned by the Certified Financial Planner Board of Standards. These marks are awarded to individuals who successfully complete the CFP Board’s initial and ongoing certification.
Testamentary Trust – A trust established by a will that takes effect upon death;
Living Trust – A trust created by a person during his or her lifetime;
Revocable Trust – A trust in which the creator reserves the right to modify or terminate the trust;
Irrevocable Trust – A trust that may not be modified or terminated by the trustor after its creation