Here’s what a revocable trust is and how it works and may benefit you. A revocable trust is a legal entity that can own, buy, sell, hold, and manage assets according to a specific set of ...

A revocable trust and living trust are separate terms that describe the same thing: a trust in which the terms can be changed at any time. An irrevocable trust describes a trust that cannot be ...

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 ...

Now, let’s look at each trust type in the context of some real-world asset management scenarios. As mentioned earlier, both revocable and irrevocable trusts can help you achieve this goal.

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 ...

Typically the settlor of a revocable living trust is also the initial trustee until they either resign or are unable to manage the affairs of the trust due to incapacity or death.  While the ...

Revocable trusts are more flexible than irrevocable trusts — the revocable trust maker can change the revocable trust at any ...

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.