What’s the Difference Between a Revocable and an Irrevocable Trust?

If you were to search the word “trusts” in your internet browser right now, you would find what we call the alphabet soup of trusts: a list of acronyms representing a number of trusts that might be helpful to you. But what do they mean? Which one works best to protect your family and their future?  That’s what we spend a great deal of time each day; working with our clients to guide them in choosing and designing the proper trusts. But before we get started we always share this explanation about the difference between a revocable and an irrevocable trust.