Topic: Marital Trust

1 chapters across the catalog

The callers ask about the differences between revocable and irrevocable trusts. Tyler Bennett explains that while a revocable living trust is excellent for avoiding probate, an irrevocable trust is necessary for true asset protection from creditors and the IRS. They also discuss the "AB Trust" or marital trust, which becomes irrevocable upon the death of a spouse to protect property for heirs.