Irrevocable Trust
Learn about irrevocable trusts and how they work in estate planning. Discover asset protection benefits, tax advantages, and their role in family wealth tran...
How does an irrevocable trust differ from a revocable trust?
An irrevocable trust cannot be changed or terminated once created, while a revocable trust allows modifications during the grantor's lifetime. With irrevocable trusts, assets are permanently removed from your estate, potentially offering tax benefits and asset protection. Revocable trusts provide flexibility but don't remove assets from your taxable estate.
