What is an irrevocable trust?

An irrevocable trust generally cannot be changed once created, offering tax and protection benefits.

Why it matters

Giving up control can shield assets and reduce estate tax.

Irrevocable is locked in; revocable stays changeable.

DefineLaw editors — plain-English definitions for general reference; not a substitute for advice from a licensed attorney.

Only with consent of beneficiaries or a court in narrow cases.

For creditor protection and tax advantages.

A trustee you name, not you (if you funded it away).