The main difference between a revocable and irrevocable trust is when the person who funds the trust gives up control of the assets. With a revocable trust, you maintain control of your assets until you pass away, at which time the trust becomes irrevocable.

With an irr...

New York does not allow silent trusts, New Jersey allows them if the beneficiary is under 35 years old. There are states- Delaware for example- where they are allowed, so if you are interested in this type of trust, you can create one under the law of another state.

Bas...