Which of the following is NOT a type of trust?

The correct answer is Investment Trust because it does not fall under the traditional categories of trusts designed for estate planning or asset management for individuals.

A revocable living trust allows the grantor to maintain control of the assets within the trust during their lifetime, making it flexible for changes as needed. An irrevocable trust, on the other hand, involves relinquishing control of the assets, with the terms of the trust typically set in stone after its creation. A testamentary trust is established through a will and comes into effect after the death of the grantor.

While an investment trust may manage pooled funds for the purpose of investing, it contrasts with these personal trusts. It is primarily focused on raising capital from investors and managing investments rather than serving as a personal estate planning tool. Thus, it is not categorized with the other options, which are specifically designed to manage an individual's assets and provide for heirs or beneficiaries.