Posted On July 05, 2018 By Clarfeld
Another major decision when it comes to estate planning is determining the appropriate time for children to have access to their inheritance. A major distinction between your will and lifetime irrevocable trusts is that; during your lifetime your will can be regularly updated to reflect current thinking, while amending or changing provisions within a lifetime irrevocable trust will generally be more restrictive and often require a statutory solution (decanting), where possible, or having to seek permission from the courts.
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