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Types of Trust


Irrevocable Trust
A legal arrangement in which the grantor permanently transfers assets into a trust, relinquishing control and ownership, and cannot alter or revoke it without the consent of the beneficiaries or court order.
Revocable Trust

A revocable trust, or Living Trust, is an estate-planning tool that allows you to manage and transfer assets during your lifetime and after death, avoiding probate. It can be modified or revoked at any time and is designed for beneficiaries to inherit in future. Other names for it include Revocable Grantor Trust, Revocable Inter-Vivos Trust, Living Revocable Trust, and Joint Revocable Trust.
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