A nice day today, eh?
Irrevocable trusts are different from revocable trusts in several ways.
It's more than just that you can't change an irrevocable trust. It takes the assets back from the trust. An irrevocable trust is a way to make gifts to others. And to save estate taxes. And possibly to also lower income tax.
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January 2021
AuthorI'm Joel Bernstein, an estate planning attorney with over 30 years of experience. I use plain English to help you understand wills, trusts, and the other documents you need to protect your loved ones and your estate. |
Most middle-aged people aren’t ready for their inevitable death. We make estate planning simple, affordable, and quick. So people can live in peace, knowing their affairs are in order. |