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May 2019 Archives

What is an irrevocable and revocable trust?

When creating an estate plan in the Harlingen area, one can use a variety of provisions to protect assets, such as trusts. Trusts not only allow you to minimize probate court’s involvement, but you can also use them to prevent your loved ones from mismanaging your assets. Two common types of trusts that many people use in estate planning are irrevocable and revocable trusts. The rules governing them vary. When structured properly, irrevocable and revocable (living) trusts can provide many benefits for a testator’s estate while she or he is living and long after she or he dies. 

Mccullough & Mccullough

Serving South Texas For Three Generations

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323 E. Jackson Street
Harlingen, TX 78550

Phone: 956-320-1320
Fax: 956-423-4976
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