The main difference between a revocable trust and an irrevocable trust comes down to control. Each type serves a different purpose, and choosing the right one depends on your goals, your assets, and your situation. If you are thinking about setting up a trust in 2026, the Wheaton, IL estate planning lawyer at The McCormick Law Firm, LLC can help you figure out which option makes the most sense for you.
In Illinois, trusts are governed by the Illinois Trust Code, 760 ILCS 3, which sets the rules for how these trusts must be created, administered, and interpreted. Understanding how those rules apply to your specific situation is one of the reasons why working with an estate planning attorney is so important.