revocable trust

Why an Irrevocable Trust is not Always the Best Way to Protect Your Assets

Why an Irrevocable Trust is not Always the Best Way to Protect Your Assets

“Additionally, an irrevocable trust is not easily modified or revoked. The "irrevocable" aspect of the trust means that changes can only be made with the consent of all beneficiaries, which can be challenging to obtain. This lack of flexibility can pose difficulties if the trust no longer serves its intended purpose or if there are changes in tax laws or family dynamics.”