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Reply to "Estate planning - what type of trust?"
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[quote=Anonymous]If DH and I each have a revocable trust set up, then if one of dies does that person's revocable trust turn into an irrevocable trust at that point? More specifically, as is all of his goes to me, and all of mine goes to him. But after that, do all of his assets that come to me, are they then subject to the rest of his trust heirs that comes after me (and vice versa for him)? Or once each of our assets go to the other can they do what they want with them at that point?[/quote]
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