Revocable trusts are an increasingly popular substitute for wills, and for good reason: In many...Weinstock, IanCpa Journal
Revocable and Irrevocable trusts are intended to be used for different purposes, and therefore each is best suited for those purposes.Revocable trusts are best for estate planningin conjunction with awill, where the assets remain under the control of the trustor. An irrevocable trust cannot be cha...
during incapacitation, and after death. Trusts ensure heirs rightfully receive assets in accordance with the grantor's wishes. They are also used to minimize taxes, avoid probate costs, and increase privacy around the distribution of assets. ...
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" 1Whatever objectives a revocable trust might accomplish for its settlor, avoiding the legitimate claims of the settlor's creditors during the settlor's life is not one of them." he Restatement (ISecond) of the creditors with clais at the time ior's creditors canot invalidateKruse, Clifton...
By David Major, Published on 01/01/09doi:10.1016/0261-3794(82)90015-4David Major