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Irrevocable Trust

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When considering types of trusts in Arizona, most will find themselves wavering between the revocable trust and the irrevocable trust with little to no concrete information regarding how they differ. What is the difference between a revocable trust and an irrevocable trust? The Main Differences Between Revocable and Irrevocable Trusts: Flexibility: the opportunity to make changes to the trust. Oversight: the trustee of the trust. Intended Use: the overall purpose of the trust. Financial Protection: the protection of assets. Financial Benefits: the tax benefits for the estate. An Arizona irrevocable trust cannot be changed. This means that the revocable living trust is more flexible as it allows for changes throughout the life of the

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