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Irrevocable Trust

Life Insurance and Estate Planning: Protecting Your Beneficiaries’ Interests

Posted on: March 15th, 2017
Without certain protections in place, naming beneficiaries to your life insurance policy may not be enough to protect the funds....

Revocable Trust vs. Irrevocable Trust: Which Is Best for You?

Posted on: May 1st, 2016
While there are many types of trusts, the major distinction between trusts is whether they are revocable or irrevocable. Let’s take a look at both so you’ll have the information you need:...

10 Types of Trusts: A Quick Look

Posted on: April 1st, 2016
Considering the myriad of trusts available, creating an estate plan that works can seem daunting. However, that’s what we, as estate planning attorneys, do every day....

Decanting: How to Fix a Trust That Isn’t Getting Better With Age

Posted on: September 1st, 2015
While many wines get better with age, the same cannot be said for some irrevocable trusts. Maybe you're the beneficiary of a trust created by your great grandfather seventy years ago that no longer makes sense. Or maybe you created an irrevocable trust twenty years ago that doesn't work as it should. Is there any way to fix an irrevocable trust that has turned from a fine wine into vinegar? You may be surprised to learn that under certain circumstances the answer is yes, by 'decanting' the old broken trust into a brand new one....

3 Powers to Consider Giving to a Trust Protector

Posted on: February 1st, 2015
Today many estate plans contain irrevocable trusts that will continue for the benefit of a spouse's lifetime and then for the benefit of several generations. Since these trusts are designed to span multiple decades, it is important that they include a trust protector who will have the ability to adjust the trust provisions as circumstances, beneficiaries, and governing laws change....

The Truth About Personal Risk Management, Part 2: Using Trusts in Estate Planning

Posted on: November 15th, 2014
Paying insurance premiums to protect against potential losses frees us mentally to enjoy driving a car, leave our house empty while on vacation and receive medical treatment for an injury or illness. In the same way, the use of trusts acts like insurance and can shift anxiety to comfort, turmoil to peace, and complexity to understanding....
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