Answer:
Explanation:
A revocable trust is an agreement made by a person during his or her lifetime, naming a trustee and beneficiary. Trust resources must be moved to the trust with an adjustment in title of proprietorship. In this trust, trustor can terminate an aggrement at any point of time. Trust's assets are not protected from the trustor's creditors.
An irrevocable trust moves trust resources irreversibly into a trust, and the trustor can't alter or terminate the aggrement once made. Trust's assets are protected from the trustor's creditors under certain circumstances.
