What Are the Main Features of Revocable and Irrevocable Trusts?
When you create a living trust, you must decide whether the trust will be revocable or irrevocable. With both types, you retitle all your assets in the name of the trust. If you choose, you can serve as the trustee yourself, retaining control of your assets while you are alive and naming someone to succeed you when you die or if you’re unable to act as trustee.
