Detail some of the advantages and disadvantages of setting up a trust.  Why set up an irrevocable trust when you can establish a revocable one that provides you with more flexibility?

Administration Of Wills/Trusts/ And Estates
5th Edition
ISBN:9781285281308
Author:Brown
Publisher:Brown
Chapter9: Specialized Trusts
Section: Chapter Questions
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Detail some of the advantages and disadvantages of setting up a trust.  Why set up an irrevocable trust when you can establish a revocable one that provides you with more flexibility?

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