Safeguard Your Wealth With Irrevocable Trust Strategies
Safeguarding your wealth with irrevocable trust strategies can provide you with peace of mind and financial security, so why not browse options to understand how these tools can work for you?
Understanding Irrevocable Trusts
An irrevocable trust is a powerful estate planning tool that allows you to transfer assets out of your estate, thereby reducing your taxable estate and protecting your wealth from creditors. Once you establish an irrevocable trust, the terms cannot be changed without the consent of the beneficiaries. This permanence offers a significant benefit: the assets in the trust are no longer considered part of your estate for tax purposes, potentially saving your heirs a substantial amount in estate taxes1.