A revocable trust and an irrevocable trust serve totally different needs. By Ilyce Glink and Samuel J. Tamkin
Q: I am divorced and have two grown daughters. I am placing my house in a trust. My attorney is recommending an irrevocable trust. Which do you prefer, revocable or irrevocable and why?
A: What we prefer has nothing to do with whether you should have a revocable or irrevocable trust. Those two trusts are totally different and serve totally different purposes.
o continue to read, click here…