The owner of a revocable trust can change or revoke it, whereas the owner of an irrevocable trust is powerless to change or cancel it, as stated by the Federal Deposit Insurance Corporation. A revocable trust remains the... More » Business & Finance Financial Planning

While there is no such thing as an irrevocable will, there is an irrevocable trust, which is mainly used for estate assets and cannot be revoked or changed, notes Investopedia. There are also irrevocable living trusts, w... More »

The various types of trust include asset protection trusts, revocable and irrevocable trusts, constructive trusts and charitable trusts, notes FindLaw. A trust can be established while the trust maker is still alive, wit... More » Government & Politics Law

A revocable living trust is an estate planning tool that is used to avoid probate and decide how a property is split up after the owner's death. It can be changed later by the person who set it up, as long as he is still... More » Business & Finance Financial Planning

Personal assets that can go into a revocable living trust include checking and savings accounts, brokerage accounts not for retirement, stocks and bonds, real estate, small business holdings, patents, copyrights, and rig... More » Business & Finance Financial Planning

A living revocable trust involves a transfer of ownership of property into a trust. This is done over the course of a person's lifetime, and is often done to ensure that beneficiaries are not given their inheritance in o... More » Business & Finance Financial Planning

The average cost of a revocable living trust lies between $1,000 and $3,000. The average cost varies vastly because of the different rates of service offered by the lawyers drafting the trust as well as the complexity of... More » Business & Finance Financial Planning