Grover Estate Planning

The Ultimate Guide: Trusts – Revocable vs Irrevocable

the difference between a revocable trust and an irrevocable trust.

When considering estate planning, understanding the difference between revocable trust and irrevocable trust is crucial. A revocable trust allows the grantor to retain control and make changes at any time, offering great flexibility. In contrast, an irrevocable trust cannot be modified once established, providing stronger asset protection from creditors and potential tax benefits. Recognizing these […]