LLC Vs. Irrevocable Trust?

Answer 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 »

Top Q&A For: LLC Vs. Irrevocable Trust

What is irrevocable trust?

An irrevocable trust is a legal method for owning property. An irrevocable trust, unlike a revocable trust, can only be terminated with the consent of the trustee and the beneficiaries.BasicsA trus... Read More »

What is an irrevocable power of attorney?

An irrevocable power of attorney is a legal authorization for somebody to act on your behalf even if you later change your mind.GenerallyA power of attorney is a legal document that authorizes anot... Read More »

What is an Irrevocable Fee Protection Agreement?

An Irrevocable Fee Protection Agreement is a legal and binding agreement signed by a buyer or seller acknowledging broker fees as a part of a transaction. The agreement states the broker's commissi... Read More »

What is an irrevocable holding trust?

An irrevocable holding trust is a legal way to benefit from property without personally owning it. Irrevocable holding trusts are used to save on taxes, avoid probate and to protect property from p... Read More »