Estate planning is an integral part of financial planning for high-net-worth clients, and a critical component involves the use of trusts. The decision whether to choose a revocable or irrevocable ...

When deciding between a revocable vs. irrevocable trust, you should consider your net worth and what type of tax shelter your heirs may need. Although it may be tempting to set up a will and ...

A living trust is created as either revocable (changeable or able to be withdrawn) or irrevocable. Each type can be used in certain situations, which we detail below. A revocable living trust is a ...