Estate Planning

Guides for protecting your assets and providing for your family. Covers wills, living trusts, powers of attorney, and healthcare directives.

Reducing estate taxes with an Irrevocable Trust

An irrevocable trust is one of the most effective — and most misunderstood — tools in estate planning. Once assets are transferred into an irrevocable trust, they’re removed from your taxable estate, which can significantly reduce what your heirs owe in estate taxes. The tradeoff is permanence: you give up control of those assets. This page explains what types of irrevocable trusts exist, what documents they require, and how to get started.