When you hear that there are revocable trusts and trusts that cannot be revoked, you may wonder why you would voluntarily surrender control of your assets to an irrevocable trust. If you can accomplish the same goals with the ability to revoke the trust, isn’t that the better way to go? In a perfect world, this would be the case, but there are legal realities that enter the picture here. Let’s look at the differences between these types of trust beyond the general right of … [Read more...] about When Should You Use an Irrevocable Trust?
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