Understanding Trusts

Understanding Trusts

Have you considered that trusts may be best understood comparatively? Two broad columns of trusts are revocable and irrevocable. With very few exceptions, irrevocable trusts cannot be changed after they have been created, while revocable trusts can be restated as often as the grantor wishes.  Another axis for understanding trusts may be the type of beneficiary. A pot trust is a common trust for a group of beneficiaries who share the...