These silly little legal terms tend to cause way more confusion that is necessary. Why can’t we just call them changeable Trusts and unchangeable Trusts? That’s be way too easy to understand. Better yet, let’s call them by their official legal names: Inter-Vivos Revocable Trusts and InterVivo-s (or sometimes Testamentary) Irrevocable Trusts. That should clear things up…. Well, maybe not. Let’s just explain it in this video, take a look and see what you think.
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