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Matthew J. Curry, CFP®, ChFC®, CLU®
Financial Planner
CA Insurance Lic. #4305463
Curry Financial Group, Inc.
23 Green Street, Suite 207
Huntington, NY 11743
Phone: 631-927-3322
Cell: 631-332-8774
Fax: 877-840-7821
Email: matt.curry@prudential.com
May/June 2026
Control Versus Protection
When creating a trust, understanding the distinction between revocable and irrevocable goes beyond mere terminology. It can significantly affect asset protection and your control over those assets.
Revocable Trusts.
With a revocable trust, you retain control over the assets during your lifetime. You can modify or even cancel the trust as your circumstances change. That flexibility can be beneficial if you anticipate adjustments in your financial situation or family circumstances. However, since you retain control, the assets in a revocable trust generally aren't protected from creditors or estate taxes. They are still considered part of your estate.Irrevocable Trusts.
When you establish an irrevocable trust, you transfer control to someone else. Although you can't easily modify the trust, this often provides significant advantages. Since you no longer own the assets, they can be protected from creditors and might be excluded from the taxable estate, potentially lowering your estate taxes.When making your choice, it's crucial to assess your goals. If you value flexibility, a revocable trust might be the best option. If asset protection and tax benefits are more important, an irrevocable trust could be a better fit. Your trusted professional can assist in explaining how each option fits into your overall financial strategy.
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Matt Curry is a Financial Planner with, and offers securities and investment advisory services through LPL Enterprise (LPLE), a Registered Investment Advisor, Member FINRA/SIPC, and an affiliate of LPL Financial.
LPLE and LPL Financial are not affiliated with Curry Financial Group, Inc.
This newsletter is general educational information provided by a Prudential Financial Professional and is not intended to market or sell any specific products and services, but rather provide general information about the subject matter covered only.
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