Trusts are an often recommended method of transferring assets after death. Trusts generally have many benefits, including the ability to avoid probate proceedings. There are different kinds of trusts that a person may establish, but they fall into two broad categories – revocable and irrevocable trusts. With both a revocable and an irrevocable trust, the… [Continue Reading]
Top 6 Differences Between Irrevocable and Revocable Trusts
You’ve finally made the decision to create a trust for yourself and your family but you come to a fork in the road: the irrevocable versus the revocable trust. Wait, what?! What’s the difference? While similar in concept, the differences are both critical and key to making an informed decision about the best device available… [Continue Reading]
