Trusts are a fairly known topic among Americans because many of them have one. Trusts not only make it easy to save in an efficient manner but they allow for easy financial or asset management. Think about it: You don't actually have to manage anything because a trustee (the individual or organization in charge of your trust) will be doing all of the 'dirty' work). The thing is, there are virtually dozens of different types of trusts out there and there are thousands of branches that include churches, non-profits, schools and other organizations that each has their very own charity trust. There are living trusts, remainder trusts, family trusts, community trusts...the list goes on and on! Trusts not only make financial management easier, they have the capabilities of reducing incredibly high property taxes (if you have some sort of estate trust). One of the most frequently used trusts are charitable remainder trusts.