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While trusts are not necessary for all my clients, many of them are interested in avoiding probate and after exploring all the options find that a trust will be the best way to do that. A common question comes up once a client decides to use a trust: should the trust be revocable or irrevocable? There is a lot of confusion out there about the difference between a revocable and an irrevocable trust. Let’s look at the differences and discover why for most people, a revocable trust is the way to go.

Needs or supplementalSuccessor trusteeSpecial needsSupplemental needs trust