In which kind of trust can you place your assets while still alive?

Question

Quizplus · Accepted Answer

A revocable living trust allows you to maintain control over your assets while alive and make changes to the trust if necessary. An irrevocable living trust transfers ownership and control of assets to the trust and cannot be changed, but can provide tax benefits and asset protection. Both options can be effective for placing assets in trust while still alive, depending on individual needs and goals.

In Which Kind of Trust Can You Place Your Assets