Revocable and Irrevocable Trusts in California: What are the differences?

Trusts are a critical component to many people’s estate planning goals in California. Trusts (including) are essential tools in estate planning, allowing individuals to manage and distribute their assets according to their wishes. In California, as elsewhere, trusts are broadly categorized into revocable and irrevocable trusts. Trusts ensure that assets are not subject to probate process and to ensure that estate are administered privately and not in a public court forums. This blog will explain the differences between the two types of trust so you can better manage your assets, minimize taxes, and ensuring your estate is handled properly.