When people attend our estate planning workshops, the most common question we get is whether they should use a revocable trust or an irrevocable trust.  It's a great question.

The answer depends on your goals.  Do you want to avoid probate?  Do you want to protect assets from the nursing home?  

In this episode Tim explains the differences between these tools and lets you know which one may be for you.  Hint: it's probably not what you think.