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 ...

Kelly-Anne’s uncle passed away and the bank has now locked the trust’s bank account. Considering that there’s a substantial ...

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.

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 ...

A Testamentary trust is set up in a will and established only after the person's death when the will goes into effect. Living trusts can be either "revocable" or "irrevocable." Revocable trusts ...

One asset protection strategy is an irrevocable life insurance trust, or ILIT. Here's what to know about this financial product. "An irrevocable life insurance trust is a type of trust that is ...

See below for links to the other articles in the series. Almost 20 U.S. states now permit a person to set up an irrevocable trust that names themself as beneficiary even while the trust maker is ...

A revocable trust allows you to change the beneficiary and other terms at any time. An irrevocable trust is much harder to change but offers tax advantages. For either type of trust, make sure you ...