What is an irrevocable living trust?

Answer An irrevocable living trust is a legal document that is commonly included in estate plans. Trusts are helpful to protect assets from taxes, creditors, and legal fees when you die.GenerallyA trust i... Read More »

Top Q&A For: What is an irrevocable living 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 »

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 »

Can you change an irrevocable trust?

On One Hand: Irrevocable Means You Lose ControlWhen you create a living trust, you must decide whether it will be revocable or irrevocable. Irrevocable trusts provide certain benefits beyond what a... Read More »

The Modification of an Irrevocable Trust?

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 »