Pro Tip: The principal downside of revocable trusts is that they don’t shield your assets from creditor or tax publicity. Because you can access the funds, they are topic to common taxation just like any of the other assets. Irrevocable trust By Christy Bieber, J.D. Information offered on Forbes Advisor https://rowantbhmq.scrappingwiki.com/1990991/qualified_personal_property_trust_an_overview