A revocable living trust is a type of trust that can be modified or revoked at any time, while an irrevocable living trust is not able to be changed or canceled. There are more differences between the two than that, however, with advantages and disadvantages to each option. An experienced estate planning lawyer can help with your decision.
For assistance understanding the comparison of revocable vs. irrevocable living trusts, look to Tolison & Williams, Attorneys at Law, LLC. I have extensive experience representing clients for a broad range of estate planning concerns, including the selection and drafting of trust documents. I am dedicated to helping individuals with comprehensive plans that satisfy their individual needs and goals. I will explain your options and advise you regarding which type of trust would be best for your unique situation.
In order to begin selecting the right trust for your estate, it is vital to understand the advantages and disadvantages of each type: