Client Copy: MTC Revocable vs. Irrevocable Trust Handout

Primary Difference:

The primary difference between a Revocable Living Trust and an Irrevocable Trust lies in the settlor's ability to modify the terms of the trust. A Revocable Living Trust allows the settlor to make changes as needed during their lifetime, while an Irrevocable Trust does not permit any modifications by the settlor once established.