Asset protection planning involves making prudent decisions today to protect yourself, your business, and your hard-earned assets from loss due to lawsuits, creditors or bankruptcies.
Do I Lose Control Over My Assets Once I Put Them Into A Trust? Can I Change The Terms Of A Trust?
With the basic probate avoidance trust, which is often called a revocable trust or a living trust, you, as the creator of the trust, settlor, or grantor, have complete control over the trust. You can change any of its terms at any time as long as you are physically and mentally able to do so. You can change the successor trustees, the identity of beneficiaries, and/or any of the terms. You have as much or more control of your assets in a trust than if it were individually owned…Read More
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