Archive for December 29th, 2009

Maximize Tax Benefits With an Irrevocable Trust

Tuesday, December 29th, 2009

An irrevocable trust is a trust which, once set up, cannot be changed or canceled without first getting the permission of the beneficiary. The grantor may not withdraw contributions from the trust. There are certain tax advantages accruing when the trust is irrevocable. Using this type of trust a person ...