Nonjudicial Settlement Agreements: The Good, the Bad, and the Ugly

Nonjudicial Settlement Agreements: The Good, the Bad, and the Ugly Some trusts are irrevocable as soon as they are created, which means that, in general, the grantor (the person who created and funded the trust) cannot terminate or modify it and take back the money or property that it holds. You may wonder why anyone would want […]

Do You Need a Revocable or Irrevocable Trust?

On the surface, the difference between revocable and irrevocable trusts couldn’t be any more straightforward. You can change your revocable trust whenever and however you choose. You can’t change your irrevocable trust at all.