Suze School: Understanding Trusts
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
The Importance of an Irrevocable Trust
The less money you have, the more you need a living revocable trust. An irrevocable trust is created to accomplish specific estate planning goals such as asset protection or Medicaid planning. You may think you own it, but it is no longer yours. It's in that trust. And it's held usually until you die for the benefit of whoever you named on that.
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