A Trust is type of document that provides guidelines for how certain property or assets should be held or used for the benefit of the beneficiaries of that Trust. The person in charge of the Trust is known as the Trustee. Trusts can be either revocable (meaning they can be undone at some future point) or irrevocable (meaning they cannot be terminated in the future). The precise form of Trust that is best for you is something that can be discussed based upon your objectives.