Irrevocable Trust

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Irrevocable Trust
Country/Region:
United States
Province/State:
NY
City:
New York
Address:
502 park Avenue
Zip Code:
10023
Contact Person:
Irrevocable Trust3
Phone:
212-547-8967
Website:
http://www.morganlegalny.com
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Main Products:
Estate Planning Lawyer
Hours:
24h
Payment:
cash, all credit cards, check
Category:
Estate Planning Lawyer, Lawyer, Law Firm
Description:
Irrevocable Trust
According to the terms of an agreement setting up an Irrevocable trust, it won’t be legally possible to change, alter, modify or revoke the trust once it has been created. Once property and other assets have been placed in an irrevocable trust, it is not possible for the trust maker or any other person to remove any assets from it.
Survivorship life insurance can be held in an irrevocable trust. It is possible to use this type of life insurance for estate tax planning with large estates. A trust maker may want to discuss this with a tax professional. This type of insurance policy in an irrevocable trust could provide significant negative tax consequences.
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Keywords:
Guardianship Law Attorney, Elder Law Attorney, Probate Lawyer, Will Preparation Lawyer, Asset Management And Protection, Estate Planning Lawyer, Irrevocable Trust, Living Will Lawyer, Trust Law Attorney, Last Will And Testament Lawyer, New York, NY.
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