which is better a revocable or irrevocable trust 
revocable and irrevocable trusts are intended to be used for different purposes and therefore each is best suited for those purposes revocable trusts are best for estate planning in conjunction with a will where the assets remain under the control of the trustor an irrevocable trust cannot be changed or altered once established and the trust itself becomes a legal entity that owns the assets put inside of it because the trustor no longer controls those assets there are certain tax advantages and creditor protections these are best used for transferring high value assets that could cause gift or estate tax issues in the future 