US 2028 Revocable vs Irrevocable Trust

Revocable trust 2028: probate avoidance + flexible + grantor-taxable. Irrevocable: asset protection + outside estate + grantor gives up control.

Estate value ($)

Primary purpose

Recommendation

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Estate value	—
Purpose	—
2028 recommendation	—

Revocable Living Trust 2028: avoids probate (state-specific), grantor retains control, can amend/revoke anytime. Grantor remains liable for assets — no creditor protection or estate tax shelter. Irrevocable Trust: grantor gives up control. Assets outside estate (estate tax shelter), creditor protection, Medicaid eligibility. Different purposes = different trusts.

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Last updated May 2026. Sources: ABA Trusts.