Variations And Purposes Of Irrevocable Trusts

Irrevocable trusts may not be revised after the trust agreement has been completed. Revocable trusts essentially become irrevocable after the trust-maker passes away. Irrevocable trusts may be comprised of multiple documents each with a specific purpose. The following is information on the variations and purposes of irrevocable trusts such as minimizing estate taxes, protecting assets, …

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