Revocable trusts or irrevocable trusts are the two main types of trusts. When a person establishes a revocable trust, they have the power to alter or terminate it later if they so choose. An irrevocable trust, on the other hand, is one where the provisions cannot be changed except for certain limited reasons, and the trustee has total authority over the assets in the trust. A Moorestown lawyer could help someone determine which trust type of best for their estate planning needs.