About Rich Woodfin

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So far Rich Woodfin has created 2 blog entries.

What is an Irrevocable Trusts?

Irrevocable Trusts An Irrevocable Trust cannot be altered, changed, modified or revoked after its creation (absent extreme extenuating circumstances). Once a Grantor transfers property to an Irrevocable Trust, the Grantor can no longer take the property back from the Trust. Though, by design, an Irrevocable Trust cannot be changed, there are certain exceptions that allow [...]

By | 2017-10-04T14:12:20+00:00 October 4th, 2017|Types of Trusts|

What is an Revocable Trust?

Revocable Trusts Revocable trusts are created during the lifetime of the trustmaker and can be altered, changed, modified or revoked entirely. Often called a living trust, these are trusts in which the trustmaker transfers the title of a property to a trust, serves as the initial trustee, and has the ability to remove the property from [...]

By | 2017-10-04T14:12:59+00:00 October 4th, 2017|Types of Trusts|