Revocable and Irrevocable Trusts

The Difference Between Revocable and Irrevocable Trusts

A trust is an arrangement in which one person, called the trustee, holds legal title to property for another person, called the beneficiary. There are two main types of trusts: revocable and irrevocable trusts. A revocable trust can be modified or terminated by the grantor at any time during his or her lifetime. An irrevocable […]

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