Tag Archives: irrevocable trust

Estate Planning, Trusts

What is an Irrevocable Trust?

Posted on by Randall_Sparks_Admin
07
Sep

An irrevocable trust is one where the Settlor (the person who established the trust) does NOT retain powers to revoke or amend the trust. This sounds pretty permanent, right? Even though the Settlor can’t revoke or amend the trust, if drafted properly, other mechanisms can be used to add broad flexibility to the trust. Also, […]

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Asset Protection, Estate Planning, Trusts

Asset Protection Trusts in Utah

Posted on by Randall_Sparks_Admin
04
Sep

You likely know someone in Utah who lost their wealth or their home due to a lawsuit or creditors. It’s quite devastating and probably makes you think about how you can protect your own assets. Asset Protection Trusts are the best way to protect your assets in Utah and elsewhere. Not all trusts are the […]

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