Does an irrevocable trust ever become revocable?

Answer An irrevocable trust can become revocable with court approval, if it can be demonstrated that such a change will be in the interest of all concerned, and the consent of all the beneficiaries and th... Read More »

Top Q&A For: Does an irrevocable trust ever become revocable

Revocable Versus Irrevocable Trust?

As a legal structure, a trust removes assets from the hands of their owner and places those assets into the hands of another party. Sometimes this transfer can be revoked or modified later, but the... Read More »

What is the difference between a revocable and irrevocable trust?

Contemplating establishing a trust is a complicated and often confusing experience. At the outset, you need to understand the basic options that are available to you.TypesTrusts can be divided into... Read More »

Can a revocable trust to be transferred to your spouse's revocable trust after your death?

Yes, you may name your spouse's revocable trust as the beneficiary of your revocable trust in your declaration of trust document. Another option would be to establish a joint trust, which may be st... Read More »

LLC Vs. Irrevocable Trust?

In the area of estate planning, you can use a number of tools to help protect your assets and property. Some people put their assets into the ownership of a limited-liability company, or LLC, while... Read More »