The irrevocable life insurance trust (ILIT) cannot be rescinded, amended, or modified after its creation. Here are three ...

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.

When deciding between a revocable vs. irrevocable trust, you'll need to consider your net worth and what type of tax shelter your heirs may need. It may be tempting to set up a will and consider ...

A Testamentary trust is set up in a will and established only after the person's death when the will goes into effect. Living trusts can be either "revocable" or "irrevocable." Revocable trusts ...

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 ...

See below for links to the other articles in the series. Almost 20 U.S. states now permit a person to set up an irrevocable trust that names themself as beneficiary even while the trust maker is ...

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 ...