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Curious about the differences between a revocable and an irrevocable trust? In this video, we break down the key distinctions, pros, and cons of each type of trust, with a focus on how they impact minor beneficiaries.

We start by explaining the flexibility of a revocable trust, which allows you to maintain control over your assets—you can add or remove property and make changes at any time. However, things change once the trust’s creator passes away, especially if minor children are involved. At that point, the trust typically becomes irrevocable, meaning its terms are locked in and cannot be altered. This shift is crucial for protecting your children from potential risks, such as creditors, lawsuits, or even divorce, while ensuring their inheritance is managed responsibly.

We also discuss how irrevocable trusts can be structured to distribute assets over time, preventing young beneficiaries from making poor financial decisions. Whether you want your children to receive their inheritance at a specific age or prefer ongoing oversight by a trustee, we explain how these trusts can be tailored to fit your needs.

For most people, especially those who own real estate in California, a revocable trust that converts to irrevocable upon death is often the best option. Watch to learn more about how these trusts work and why they might be the right choice for your estate planning.

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