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. This presentation contains images that were used under a Creative Commons License. Click here to see the full list of images and attributions: