Revocable and Irrevocable Trusts: Key Differences in Estate Planning
Trusts are commonly used in estate planning to manage property, provide for beneficiaries, avoid or simplify probate, and plan for incapacity or death. Two major categories of trusts are revocable trusts and irrevocable trusts. Although both involve transferring or holding property in trust, they serve different purposes and have different legal, tax, and asset-control consequences. What Is a Trust? A trust is a legal arrangement…
adminAugust 19, 2026



