What is an Irrevocable Trust? Call 1-800-830-1055. Please "Like," "Comment," & ask questions below. FREE CONSULTATION: https://www.assetprotectionplanners.com/ or call +1-954-400-1050 SUBSCRIBE https://www.youtube.com/TheBusinessGuy?sub_confirmation=1 TIP: Trustee not cooperating? Simply fire them and hire another trustee. An irrevocable trust is an agreement allowing property to be held by one party for the benefit of another, stipulating that that it cannot be readily revoked, altered, or amended. It is commonly used for asset protection and estate planning. A trust is a legal tool that consists of a Settlor who has the trust created, a Trustee who manages the trust and one or more Beneficiaries who receive the benefits of the trust. You will also hear a Settlor also referred to as a Grantor or Trustor. Then next question we answer is about revocable vs. irrevocable trusts, and how they compare. I have been in the asset protection business for since 1991, I believe we have over 65,000 clients, and have established literally thousands of trusts and companies for other law firms, accountants and members of the public. Webull Click here to get FREE stock when you open a stock brokerage account and make a deposit with Webull https://a.webull.com/i/TheBusinessGuy DISCLAIMER The information provided in this video does not, and is not intended to, constitute tax or legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this channel may not constitute the most up-to-date legal or other information. This video and/or description may contain links to other third-party websites. Such links are only for the convenience of the reader, user or browser; the we do not recommend or endorse the contents of the third-party sites. The presenter is not an attorney. Lawyers Limited is not a law firm and none of the information should be considered legal advice. Viewers of this video should contact their attorney to obtain advice with respect to any particular legal matter and their accountant with respect to any tax matter. No viewer, reader, user, or browser of this video or channel should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation. Use of, and access to, this video, channel or any of the links or resources contained within do not create an attorney-client relationship between the viewer, reader, user, or browser and video authors, contributors, contributing attorneys, law firms, or committee members and their respective employers. The views expressed at, or through, this channel and in this video are those of the individual authors writing in their individual capacities only – not those of their respective employers, the associated company, companies, brands, or company as a whole. All liability with respect to actions taken or not taken based on the contents of this video and channel are hereby expressly disclaimed. The content on this posting is provided "as is;" no representations are made that the content is error-free.