What is the Difference Between a Revocable and Irrevocable Living Trust?

An Irrevocable Trust is a type of trust that cannot be changed after the agreement has been signed.

These types of Trusts must be used carefully, and the guidance of an attorney should be utilized with an Irrevocable Trust as the maker only gets one chance to get it correct.

Standard Legal offers a Revocable Living Trust that can be changed at any time. So if the maker’s circumstances change, the document’s creator can modify the Trust accordingly.