Why Create an Irrevocable Trust Instead of a Revocable Trust?

Barry Evan Haimo

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Probate Attorney - Fort Lauderdale, FL

Contributor Level 12

Posted almost 2 years ago. 1 helpful vote

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Trusts are fantastic planning devices. There are so many different types of trusts, each with its own advantages and disadvantages. They can accomplish objectives relating to estate and gift tax planning, probate and guardianship avoidance, dynasty planning, life insurance planning and charitable giving.

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