I encourage you to find an hour of time and a quiet space in the next few weeks to review your estate planning documents. These might include Wills, Trusts, Powers of Attorney, Healthcare Directives and Living Wills, life insurance policies, financial records and any other important documents.
The difference between revocable and irrevocable Trusts is pretty simple. One Trust is capable of being reversed, and the other is not. But that answer isn’t usually what my clients are looking for when they ask me this question. What they really want to know is, ‘What type of Trust is right for me?’ RevocableContinue reading “What’s the Difference Between Revocable and Irrevocable Trusts?”