Consider ease of set-up, ability to modify, and tax shelter benefitsReviewed by Anthony BattleFact checked by Michael ...

Revocable trusts, as their name implies, can be altered after they’re established. With these trusts, you can add additional assets, change beneficiaries and make other adjustments over time. Once the ...

When deciding between a revocable vs. irrevocable trust, you should consider your net worth and what type of tax shelter your heirs may need. Although it may be tempting to set up a will and ...

Kelly-Anne’s uncle passed away and the bank has now locked the trust’s bank account. Considering that there’s a substantial ...

Dear Quentin, I’m considering marriage in the mid-60s. Even with a prenup and separate finances, I’m concerned about the ...

Putting your home in a trust can protect your assets while you’re alive and make the ownership transfer easier after your ...

Editor’s note: This is part three of an ongoing series about using trusts and LLCs in estate planning, asset protection and tax planning. The effectiveness of these powerful tools — especially ...

A trust must be set up as either revocable or irrevocable and have a grantor, at least one beneficiary, and a trustee. Depending on the type of trust fund, one or more of these parties may be ...

Here are six simple steps to help you get started: Decide on the type of trust. Choose between a revocable vs irrevocable trust, depending on your needs. A revocable trust allows you to change ...

A revocable trust, on the other hand, can be changed or amended at any time. However, it doesn’t offer creditor protection. An irrevocable trust comes with certain tax benefits and asset ...