Archive for September, 2013

Revocable Trusts

Irrevocable Trusts – Pros & Cons

What is an Irrevocable Trust? In essence, all trusts are relationships whereby property is held by one party for the benefit of another.  The trust’s creator, called a “Settlor”, transfers some or all of their property to a “Trustee”, who holds that property for the trust’s “Beneficiaries”. In contrast to Revocable Trusts, Irrevocable Trusts are