Irrevocable Trust

A trust is a type of estate planning tool that enables an individual to remove assets from his or her personal estate. This can provide important tax benefits and wealth preservation benefits. There are many types of trusts that range from general in nature to highly specialized and focused.

An irrevocable trust can be especially useful for individuals and families with assets in excess of $5 million, since that figure marks the point past which the estate tax or “death tax” enters the picture at the time of death. An irrevocable trust can designate the creator as beneficiary but not as trustee.

Preserving Wealth And Avoiding Estate Tax Liability

Janathan L. Allen, APC helps clients establish trusts that enable them to preserve wealth, simplify the transfer of assets, reduce taxes and give to good causes, among other purposes:

  • Living trusts
  • Life insurance trusts
  • Charitable trusts
  • Qualified personal residence trusts, which allow the creator to put his or her home into the trust

Every situation is unique, so no two trusts should be exactly alike. Talk to an experienced estate planning attorney to get your trust questions answered.

Contact Us For A Free Consultation

Seeking an experienced lawyer for irrevocable trusts in San Diego, Los Angeles or Orange County? Janathan L. Allen, APC provides comprehensive estate planning services to individuals and families in Southern California and throughout the world. Contact us to learn more.

The content of this website has been prepared by Janathan L. Allen, APC for informational purposes only and should not be construed as legal advice or tax advice. The content on this website does not create or constitute an attorney-client relationship, and readers should not act upon it without the advice of an attorney, tax attorney or legal counsel. Do not rely on published legal and tax law information as a substitute for consultation with an attorney, tax attorney, CPA and/or other professional advisors. Information contained in this website may be considered advertising. Links to websites or web pages operated by third parties are provided solely as a convenience to you. Such linked sites are not under our control and we are not responsible for the contents of any linked site or any link contained in a linked site. We make no representation or warranty and assume no liability or responsibility for other websites or web pages and/or their content.