advanced estate planning

Irrevocable Trusts
The basic aspect of an irrevocable trust is that the trust cannot be revoked once established. Having an irrevocable trust does not mean that the trustee or beneficiaries’ hands are completely tied, however. Please contact Joblin to discuss estate planning with irrevocable trusts.

Estate planning with irrevocable trusts can achieve goals in addition to traditional estate planning, such as preserving family wealth, anticipating legal and financial difficulties, and setting funds away for a loved one with special needs. Commonly used irrevocable trusts include Gifting Trusts, Irrevocable Life Insurance Trusts (ILIT), Intentionally Defective Grantor Trusts (IDGT), Grantor Retained Annuity Trusts (GRAT), and Special (or Supplemental) Needs Trusts (SNT).

For more information relative to advanced estate planning with irrevocable trusts, please contact Joblin today.