Disadvantages of Irrevocable Trusts

Dave and Marge H. were interested in establishing an irrevocable trust. They had heard it might be a good estate planning option for them. However, they never considered the disadvantages of irrevocable trusts. Basic Trusts Trusts consist of at least one grantor, one trustee, and one beneficiary. After the grantor creates the trust, it must be ‘funded.’ The trust is just an empty vessel unless assets are Read More