An irrevocable trust can't be changed or cancelled unless its beneficiary or a court allows it. The purpose of an irrevocable trust is to move assets from the grantor's control and name to that of ...

See below for links to the other articles in the series. Revocable trusts and irrevocable trusts are created through contracts in which a person is appointed as “trustee” to hold title to ...

Revocable trusts can allow grantors to disperse assets in ways that would be extremely difficult to do with a will. All ...

When deciding between a revocable vs. irrevocable trust, you should consider your net worth and what type of tax shelter your heirs may need. Although it may be tempting to set up a will and ...

The decision whether to choose a revocable or irrevocable trust for the protection of assets can have lasting implications and profoundly impact a legacy, so it's not something to be taken lightly.

A trust must be set up as either revocable or irrevocable and have a grantor, at least one beneficiary, and a trustee. Depending on the type of trust fund, one or more of these parties may be ...

Leonard’s wife, Kelly-Anne, has been receiving checks in an irrevocable trust for more than 20 years. When she was a teenager, her mother set up the trust, naming Kelly-Anne’s uncle as the ...