What is the difference between a Revocable Trust and Irrevocable Trust in North Carolina?
A Revocable Trust can be changed or terminated during your lifetime, while an Irrevocable Trust cannot be modified once established.
Depending on your assets and goals, a Revocable Trust or one of many types of Irrevocable Trust may be the appropriate choice for your needs in a given situation. An attorney at ER Law can tailor the right approach for you during an initial consultation.
February 20, 2025 – Eric Richardson
Ask a Question,
Describe Your Situation,
Request a Consultation
Contact Us And We’ll Tell You Everything You Need To Know!
Required Fields*
Your Information Is Safe With Us
We respect your privacy. The information you provide will be used to answer your question or to schedule an appointment if requested.
Related FAQs
How do I know if I need a Will or a Trust in Greensboro, North Carolina?
Determining whether you need a Will or Trust depends on your financial situation, assets, and family circumstances. A Will is suitable for simple Estates, while a Trust offers more control…
What happens if someone dies without a Will in Greensboro, North Carolina?
When someone dies without a Will in Greensboro, North Carolina, their Estate goes through intestate succession. The state’s laws determine the distribution of assets among surviving family members, typically prioritizing…
What types of Trusts are available in North Carolina?
North Carolina offers several types of Trusts, including Revocable Living Trusts, Irrevocable Trusts, Special Needs Trusts, Charitable Trusts, and Testamentary Trusts. Each type serves different purposes, from Estate Planning and…
What happens if I die without a Will in Greensboro, North Carolina?
If you die without a Will, your assets will be distributed according to North Carolina’s intestacy laws, which may not align with your wishes. At ER Law, we can help…