This course is intended for attorneys who are new to estate planning, transitioning into the practice, eager to refresh their foundational knowledge, and/or looking for new ways to discuss estate planning matters with clients. This presentation will explore revocable and irrevocable trusts, unpack the difference between grantor and nongrantor trusts, examine the taxation of trusts, and discuss several different common types of trusts, including living trusts, qualified terminable interest property (QTIP) trusts, and irrevocable life insurance trusts (ILITs). It will also demystify several acronym-based trust references.