Irrevocable Trust: What It Is, How It Works, Uses

Irrevocable trusts have many benefits and limitations. Learn more about whether an irrevocable trust works for you.

Updated Jul 11, 2023 · 3 min read Written by Tiffany Lam-Balfour Lead Writer

Tiffany Lam-Balfour
Lead Writer | Merrill Lynch, UBS AG, UBS Global Asset Management, Credit Suisse

Tiffany Lam-Balfour is a former investing writer and spokesperson at NerdWallet. Previously, she was a senior financial advisor and sales manager at Merrill Lynch. Her work has been featured in MSN, MarketWatch, Entrepreneur, Nasdaq and Yahoo Finance. Tiffany earned a finance and management degree from The Wharton School of the University of Pennsylvania.

Assigning Editor

Claire Tsosie
Assigning Editor | travel, credit cards

Claire Tsosie is an assigning editor for the travel rewards team at NerdWallet. She started her career on the credit cards team as a writer. Her work was featured by Forbes, USA Today and The Associated Press.