The trust documents offered by Standard Legal are for Revocable Trusts, by choice.
When a person creates a Revocable Trust, the grantor can revoke the trust at his or her discretion. While this can be a benefit in managing assets, the downside is that creditors can attach the assets of a Revocable Trust to get money to pay any debts and judgments incurred by the trust.
An Irrevocable Trust, on the other hand, divests the grantor of title to the assets and prevents the revocation of the Trust — and, as such, the law prohibits creditors from reaching the assets.
Irrevocable Trusts are much more complicated documents with more significant results when implemented, given the fact that it is considered more of a permanent transfer, is generally not subject to change, and it divests ownership or control of assets.
As such, Standard Legal does not offer Irrevocable Trusts, as we believe that preparation of such a Trust should be done in conjunction with sound legal advice from an attorney.