Secure Your Future with Secret Estate Planning Strategy
The Secret Strategy: Irrevocable Trusts
One of the lesser-known but highly effective estate planning tools is the irrevocable trust. Unlike a revocable trust, an irrevocable trust cannot be altered or revoked once it's established, which provides significant benefits. By placing assets into an irrevocable trust, you remove them from your taxable estate, potentially reducing estate taxes. Additionally, these trusts offer protection from creditors and legal claims, making them an attractive option for safeguarding your wealth1.