Revocable trusts and irrevocable trusts each do different things in estate planning.
You have decided to move forward with an estate plan. You are interested in a trust, but what kind of trust is right for you? You have a friend who tells you that “irrevocable trusts” are the way to go but the word “irrevocable” scares you. Does that mean you won’t be able to get your assets back after they go into the trust? What about a “revocable” trust? What does that do for you?
Keep the courts out of it
Like everyone else, you want to avoid court involvement (and its delays) in the affairs of your estate when you pass away. With proper planning and follow-through, both revocable and irrevocable trusts will accomplish that for you. […]