Revocable vs Irrevocable Trusts
[THIS IS NOT MY VIDEO JUST GIVES GOOD EXPLINATION]
A trust is a legal agreement allowing one person to transfer their assets to someone else via a third party.
A revocable trust is one that you can change after you’ve set it up (including by terminating the trust).
An irrevocable trust is one that’s all but set in stone after it’s created.
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https://napkinfinance.com/napkin/revocable-vs-irrevocable-trusts/
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