Escape Taxes Securely With Irrevocable Trust Secrets Now

Setting Up an Irrevocable Trust

Establishing an irrevocable trust involves several key steps. First, consult with a qualified estate planning attorney to determine the best type of trust for your needs. Next, you'll need to draft the trust document, outlining the terms and conditions, the trustee, and the beneficiaries. Once the trust is created, you must transfer ownership of the assets into the trust, a process that may require appraisals or other legal documentation.