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10 Facts to Know About Irrevocable Trusts

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Related: 10 Facts to Know About Revocable Trusts

What is an irrevocable trust, and should your client’s estate plan have one? Like a lot of estate planning vehicles, irrevocable trusts work very well for some purposes — particularly for tax avoidance and asset protection — and not so well for other purposes. Read the gallery above for an overview to help you guide your clients.

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