Trusts can be established in many forms. Most favored are Revocable Living Trusts, in which you retain control over your trust during your lifetime, and can change your beneficiaries at any time, including your charitable intent. Other forms of trusts commonly used are the Charitable Remainder Trust – which provides for you to make a gift today and retain fixed or variable income for the remainder of your life; and, Charitable Lead Trust – which provides for one or more charities to enjoy a fixed or variable level of gift for a specified period, during your lifetime, with residual assets returning to your estate for distribution upon death.