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The Name of the Trust is ; Form

The Name of the Trust is ; Form

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what's the difference between a revocable and an irrevocable trust the differences are significant a revocable trust is the most common type of trust and the main benefit associated with the revocable trust is that your estate can pass to your heirs outside of probate they do not have to go to court everything is done in private versus public proceedings at the courthouse and a revocable trust avoids all the expenses associated with probate which can be around five percent of the total value of the estate as the name says it can be revoked it can be changed added to things taken away from it's very flexible irrevocable trust is permanent you can make changes to it but it's very very difficult but it does provide significant protection against lawsuits and creditors and bankruptcies and ex-spouses and from Medicaid recovery and with the largest state there are significant tax benefits

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