What’s the Difference Between Revocable Trust and Irrevocable Trust?
Main Takeaways: A revocable trust is a trust where the money stays liquid; it can be taken out again. An irrevocable trust is a trust where the money cannot be taken out again. A revocable trust often becomes irrevocable after the death or incompetency of the person who sets up the trust, making it a good option […]