Home About Us FAQ Publications & Press Speaking
Engagements
Links & Resources Contact Us
Domestic Asset Protection
Corporations
Limited Liability Companies
Limited Liability Partnerships
Limited Partnerships
Asset Protection Trusts
Domestic Asset Protection Trusts
Equity Stripping
Financial Planning Exemption
Tenancy By The Entirety
Charging Order Protection
International Asset Protection
International Entities
International Trusts
Captive Insurance Companies
Legal and Business Counsel
Business Entities
Contract Formation and Review
General Business Counsel
Business Succession Planning
Estate Planning
Current Estate Plan Review
Drafting Wills and Trusts
Incapacity Planning
Probate Administration
Charitable Remainder Trusts
Online Asset Protection Quiz.

What is the difference between a revocable trust and an irrevocable trust?

The revocable trust is just that, revocable. You may change, amend, cancel, or otherwise change the revocable trust during your lifetime. Upon your death, the trust becomes irrevocable. You may also retain benefits from a revocable trust during your lifetime. On the other hand, the irrevocable trust does not allow for the flexibility of change. Once an irrevocable trust is executed, it cannot be changed. However, some irrevocable trusts are written with instructions to the Trustees or beneficiaries to allow for the terms of the trust to be modified under specific limited circumstances.

Categories: Asset Protection
The Presser Law Firm, P.A. - Asset Protection Attorney
Located at 6199 N. Federal Highway Boca Raton, FL 33487. View Map
Phone: (561) 953-1050
Website: