The decision whether to choose a revocable or irrevocable trust for the protection of assets can have lasting implications and profoundly impact a legacy, so it's not something to be taken lightly.

See below for links to the other articles in the series. Revocable trusts and irrevocable trusts are created through contracts in which a person is appointed as “trustee” to hold title to ...

An education trust can be set up for one person or multiple people, and the trust maker decides how the money should be used ...

See below for links to the other articles in the series. Control and protection are always the key tradeoffs in irrevocable trusts. Despite what a company marketing a “special” trust may say ...

Jose Luis Pelaez Inc / Getty Images An irrevocable life insurance trust (ILIT) is a trust created during the insured's lifetime that owns and controls a term or permanent life insurance policy or ...

One asset protection strategy is an irrevocable life insurance trust, or ILIT. Here's what to know about this financial product. "An irrevocable life insurance trust is a type of trust that is ...

You may be able to qualify for government assistance with nursing home costs, even if you control substantial wealth if you ...

Among other gifts, the wife's mother settled and funded an irrevocable trust, of which the wife is the sole beneficiary. The irrevocable trust is governed by Michigan law, which the Massachusetts ...

Does a Trust Avoid Estate Taxes? find out how trusts can help minimize estate taxes. Understand the benefits and strategies for effective estate planning.