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?

Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN:9781337485913
Author:BROOKS
Publisher:BROOKS
Chapter1: Ethics Expectations
Section: Chapter Questions
Problem 9.2EC
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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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