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Can I Modify My Irrevocable Trust?

There are a number of reasons people create irrevocable trusts, including the desire to remove wealth or property from their estate for tax planning purposes or to protect assets. As the name suggests, irrevocable trusts cannot be revoked. But can they be modified? As...

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Benefits of an Irrevocable Life Insurance Trust

Most American adults are aware that they should have life insurance, particularly if they have minor children or other dependents. Life insurance does provide a large measure of security for families. However, people often fail to consider the fact that an insurance...

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Why You Should Consider a Trust-Based Estate Plan

An estate plan deals with more than just money and property. A complete estate plan includes a financial power of attorney, health care power of attorney, HIPAA documents, and a living will in addition to a Last Will and Testament or a Revocable Living Trust. There's...

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