The Modification of an Irrevocable Trust?

Answer An irrevocable trust can be a useful asset-protection and estate-planning device. It is not appropriate for every situation, however. As the name suggests, an irrevocable trust is generally nonmodi... Read More »

Top Q&A For: The Modification of an Irrevocable Trust

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 »

How do I administer an irrevocable trust?

Follow The AgreementIn order to administer an irrevocable trust, you must follow the trust agreement, which separates the ownership of the named property from the original owner. As the administrat... Read More »

How to Fund an Irrevocable Trust?

When you set up an irrevocable trust, you give up any rights to the assets that you place into it. The trust cannot be modified without the permission of your beneficiaries, even though you are the... Read More »

Is an irrevocable trust a contract?

Trusts are a type of legal contract that indicate how property is to be handled or cared for. An irrevocable trust cannot be canceled or modified without the permission of all parties involved.Sour... Read More »