Quote:
Originally Posted by flatbutt
Im thinking its time to put everything into an irrevocable trust. But it is expensive and confusing. Has anyone here done this? BTW my entire estate is under one million but i want to assure a painless maximized handoff to my kids
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I think you mean "revocable trust". A revocable trust allows your estate to avoid probate. An irrevocable trust is when you are transferring assets and ownership rights to a trust without the possibility to transfer back to your name.