Should I Use a Revocable Trust or an Irrevocable Trust?

Perhaps you are new to estate planning. Or you prepared a plan years ago and need to revise it. Estate plans typically include a Will, a durable power of attorney, and a medical power of attorney. Many people also include a trust, a revocable trust and/or an irrevocable trust. If you are wondering, “should I use a revocable trust or an irrevocable trust,” think about the following questions: Do I want to remain in Read More

How to Choose the Right Trust

Estate plans should include a Last Will and Testament, a durable power of attorney, and a medical power of attorney. Some people also prepare other documents, like a Living Will or a trust. But, when you start working on your estate plan, how will you know which trust is right for you? Consider Your Goals People who set out to develop an estate plan usually have goals in mind. Take some time to think about what you Read More

Revocable vs. Irrevocable Trusts

Every trust contains a trust maker, a trustee, and at least one beneficiary. Trusts vary, however, in why and how they are established. Before creating and funding a trust, it’s important to know a little about the different types of trusts. In this blog, we’ll take a look at the difference between revocable trusts and irrevocable trusts. Actually, the names may be a big tipoff to the main qualities of each type Read More