What kind of trust—revocable or irrevocable—should I set up?

Most people benefit from a revocable living trust, which allows you to manage your assets during life and pass them on without probate.

However, depending on your goals—such as asset protection, tax reduction, or qualifying for benefits—you may need other options like a special needs trust or other irrevocable structures.

Philip J. Kavesh
Helping clients with customized estate planning guidance and trust & estate administration for over 45 years.