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Does a Revocable Trust Become Irrevocable Upon Death?

Pretty young lady drinking tea and wondering does a revocable trust become irrevocable upon death.

In the picturesque town of Oakville, Sarah and her husband Jim carefully crafted their joint revocable trust, a testament to their life’s work and love for their family. This trust was their assurance of a secure and well-managed legacy for their children. They wanted to make sure that their children’s inheritance was protected, so they […]

Irrevocable vs Revocable Trust: Understanding the Differences

Fork in a road. Irrevocable vs revocable trust.

When it comes to estate planning, understanding the differences between an irrevocable vs revocable trust is crucial. This guide will provide you with a clear breakdown of these two types of trusts, allowing you to make an informed decision that aligns with your specific needs and goals. What is a Trust? A trust is a […]

Revocable Trust vs. Irrevocable Trust: What’s the Difference?

Photo of two doors on historical building. Revocable trust vs. irrevocable trust.

Trusts are a popular estate planning tool that can help you protect your assets and ensure they are distributed according to your wishes. However, there are two main types of trusts to choose from: revocable and irrevocable. Understanding the differences between a revocable trust vs. irrevocable trust can help you make an informed decision about […]

Revocable Trust vs. Living Trust: What’s the Difference?

Image of young lady with question marks. Asking what is difference between a Revocable Trust vs. Living Trust.

Trusts can be an effective way to manage your assets and ensure they are distributed according to your wishes after you pass away. However, there are different types of trusts, including revocable and living trusts. Understanding the differences between a revocable trust vs. living trust can help you make an informed decision about which one […]

How To Put House in Trust

Person signing to put house in trust.

Putting your house in a trust can be a great way to protect it, ensure that assets are passed on efficiently, and give you peace of mind. But there are certain steps you’ll need to take before putting your house in trust, as well as some factors to consider that may influence the process. What […]

6 Disadvantages of a Revocable Living Trust

disadvantages of revocable living trust

Revocable Living Trusts can be a great way to protect family assets, plan for the future, and reduce estate taxes. However, there are some potential disadvantages of a revocable living trust that you should consider before deciding if it is the right choice for you.  Here are some of the most common drawbacks of a Revocable […]