Much of the confusion over trusts, is a result of some impressive sounding names that do not actually describe what the trust accomplishes. Therefore, deciding on which type of trust is the best one is not the right way to think about trusts. You should instead think about your needs, according to Kiplinger in "What Type of Trust Solution is Best for You?"
There are many different types of trusts, and they each are designed to achieve different goals. The best way to think about trusts is to first determine why you want a trust. What do you want the trust to accomplish? For example, do you want a trust primarily for tax reasons, or do you want a trust primarily to make sure your beneficiaries are financially secure if something happens to you?
An experienced estate planning attorney can advise you on creating an estate plan that fits your unique circumstances, and that may include trusts that will help you achieve your goals.
Reference: Kiplinger (April 30, 2018) "What Type of Trust Solution is Best for You?"