— Riefkohl Law

Revocable trust: The grantor retains the right to modify or dissolve the trust during their lifetime.
Irrevocable trust: Once created, the grantor generally cannot change the trust\u2019s terms, providing stronger asset protection.
Asset protection trust: Designed to shield assets from creditors while allowing beneficiaries to benefit from the trust.

Mar 16

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Hans Riefkohl

Puerto Rico Senate Approves Revocable Trusts: What Senate Bill 773 Means for Estate Planning