Can a Living Trust Be Irrevocable? Here’s What You Need to Know

Photo of an irrevocable trust and judge's gavel. Can living trust be irrevocable?

May people ask us “Can a living trust can be irrevocable?” The answer is yes. And in this post we will explain what an irrevocable living trust is and the pros and cons of creating one. What are different types of living trusts? There are two main types of living trusts: revocable and irrevocable. What […]

When a Revocable Trust Becomes Irrevocable

American currency in ice. When a revocable trust becomes irrevocable.

A revocable trust is a popular estate planning tool that allows individuals to manage their assets while they are alive, and distribute them after their death. However, it’s important to understand when a revocable trust becomes irrevocable, as this status can have significant implications for you and your beneficiaries. In this guide, we’ll explore the […]

4 Ways to Revoke or Amend an Asset Protection Trust

Is asset protection trust revocable?

Are you wondering is an asset protection trust revocable? Asset Protection Trusts are normally “irrevocable” meaning that people cannot just assign them away like other assets. However, there are four ways to revoke or amend an Asset Protection Trust if you desire. A Trust Protector May Be Able to Modify or Revoke the Trust. One […]

What Is the Name of a Trust? What Names Can You Use For Your Trust?

Woman at desk thinking about name of trust.

If you have a trust, the name of trust is probably stated in the trust document. If you are thinking of getting a trust, you can get creative. Here are some common answers to how you refer to your trust. If you already have a trust, here’s how you refer to it. You can look […]

Funding A Trust

Funding a trust. Cows going to barn.

Funding a trust is crucial. If you don’t transfer assets to the trust, they may have to go through probate court when you die. Let Me Tell You A Story. Let me tell you a story. A senior attorney who mentored me years ago used to describe funding a trust this way. He would always […]