An irrevocable trust cannot be modified by the trustor once it has been created and executed. This particular difference makes an irrevocable trust helpful in ways that a revocable trust cannot. Once you establish your irrevocable trust, the assets you placed in the trust are essentially out of the reach of creditors, legal judgments. The trust property does not have to go through probate court and will not be subject to estate taxes. Although you must give up control over the property you place an irrevocable trust, you trade that loss of control for more favorable tax consequences. If you still have questions, contact our trust attorneys.