Plano Trust Lawyer: Revocable vs. Irrevocable Trusts
Trusts are important legal relationships that involve a Grantor who creates the Trust to hold property, a Trustee who holds or manages the property in the Trust, and a beneficiary or beneficiaries who eventually receive the property. Trusts can basically be broken down into two categories: Revocable and Irrevocable. Today, let’s talk about the differences between a revocable and irrevocable trust.
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