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. --- Related on ThinkAdvisor:
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