A revocable trust fund is an estate planning tool that allows assets to be set aside before death. The grantor can make changes at any time and appoints trustees to manage the assets. Taxes are still paid on the assets, and the trust becomes irrevocable upon death. It is more expensive than writing a will. […]
A revocable trust is a legal arrangement that can be changed or terminated by the creator during their lifetime. It involves a grantor, trustee, and beneficiary, with assets transferred to the trustee to manage according to the grantor’s wishes. After the grantor’s death, the trust becomes irrevocable. While a revocable trust has benefits, it should […]
