While many people only think of the last will and testament when they start planning their estate, there are several other ways to ensure your loved ones receive your assets. In fact, a revocable or irrevocable trust could be your best option. For personalized assistance with your estate planning documents, turn to Philip Bryce Law in Knoxville, TN.
Attorney Philip Bryce has over 30 years of experience providing sound legal services and financial guidance. Call 865-690-5566 today to discuss trusts and other important estate planning documents.
Revocable and irrevocable trusts achieve largely the same goals: they both allow the grantor to hold assets and property for a variety of uses. But there are several key differences that will determine which type of trust you should use.
Here are some of the main differences: