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Strategies & Market Trends : Estate Planning
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To: SI Dave who wrote (11)1/15/2005 1:06:15 PM
From: redfish  Read Replies (2) of 79
 
That is the case with respect to an irrevocable trust. It is a more complex animal than the revocable one.

The assets in a revocable trust count as your assets, as you can take them back anytime you want. With the irrevocable trust, you give up all ownership, rights to, benefit and control of the assets, so they don't count as yours.
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