Revocable Living Trust Or Irrevocable Trust: Which One Is Right For You?
You’ve probably heard you need a trust to keep your family out of court and maybe out of conflict in the event of your death or incapacity. And, if you own any assets in your name at the time of your incapacity or death, without the right legal documents, your family must go to court for permission to access them. While you may under this, you still need clarification about whether you need a revocable or irrevocable trust. Since more and more, people are coming our way asking for an irrevocable trust, this article is designed to help you learn the difference between these types of trusts so you can be prepared to discuss your options.