Pro Idea: The principal downside of revocable trusts is that they don’t shield your assets from creditor or tax publicity. Since you can access the funds, They're topic to regular taxation just like any of the other assets. Irrevocable trust No, it’s not legally required to get a living trust https://plans-trusts65431.ja-blog.com/38787668/top-legal-general-high-income-trust-secrets