What is the difference between a revocable and an irrevocable trust?

Trusts can be further divided into revocable and irrevocable trusts. A revocable trust can be revoked or terminated by the Settlor at any time and for any reason whereas an irrevocable trust cannot be revoked or terminated by the Settlor for any reason.

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

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