Irrevocable Trust

An Irrevocable Trust cannot be changed or cancelled once it is created without the consent of the beneficiary.   It is often used to protect assets as the assets may not be considered for eligibility determination for social programs (see Henson Trusts).   An Irrevocable Trust also avoids Probate for any assets placed in the Trust. It is often referred to as an Irrevocable Living Trust because it holds and controls property during the lifetime of the Grantor.

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