Various Types Of Trusts And Their Importance | Legal Service India - Law Articles - Legal Resources
Various Types Of Trusts And Their Importance | Legal Service India - …
Apr 21, 2024
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Here are the 2 main trust types explained simply: 👉 Revocable Trust (Living Trust) You stay in control. You can change it anytime. Great for estate planning, privacy, and avoiding probate — but it usually doesn’t protect assets from lawsuits or creditors. 👉 Irrevocable Trust Once assets go in, control shifts to the trust. This can provide stronger asset protection, legacy planning benefits, and structured wealth preservation — but it requires serious planning. Bottom line: Wealth isn’t just ab
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