Professional Tip: The principal downside of revocable trusts is that they don’t safeguard your assets from creditor or tax publicity. Because you can access the funds, They're subject matter to regular taxation the same as any within your other assets. Irrevocable trust A living trust is really a legal document https://trusted-estate-planning-a21087.jts-blog.com/37453142/examine-this-report-on-how-to-set-up-a-legal-trust