A revocable trust (also known as a living trust) is a trust that can be managed and changed by its creator (or grantor). An irrevocable trust is a trust that cannot be modified after it is created ...

The basic steps involved in revoking a revocable trust are fairly simple and include the transfer of assets and an official document of dissolution. A revocable trust is a flexible legal entity ...

Editor’s note: This is part three of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

You have a few options to consider when creating an estate plan; for instance, should you create a will or a trust? For many, a revocable trust — or living trust — is a great option because of ...

Revocable trusts, as their name implies, can be altered after they’re established. With these trusts, you can add additional assets, change beneficiaries and make other adjustments over time. Once the ...

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.