
Trusts: Revocable vs. Irrevocable – Can They Help You?
This blog explores how trusts form the backbone of true legacy planning, contrasting revocable (living) trusts—which keep families out of court and maintain flexibility—with irrevocable trusts, which serve as advanced tools for wealth preservation and estate tax protection.
It warns that without proper estate planning, families risk probate, public exposure, and financial loss. The piece explains how revocable trusts offer control and privacy, while irrevocable trusts (such as life insurance trusts, retained annuity trusts, and spousal access trusts) protect against estate taxes, lawsuits, and creditors.