Ribadeneira Law Offices

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Irrevocable Trust

Irrevocable Trust: There are varying forms of these Trusts in which an individual irrevocably (irreversible) transfers an asset or life insurance to a Trust to benefit another, such as a spouse, child, or grandchild. The effect of these transfers can provide substantial income and estate tax savings, shield assets from future creditors, and ensure family and loved ones are supported now and into the future.