In developing an estate plan, practitioners regularly use irrevocable trusts (versus the typical revocable living trust) to assist clients in achieving tax and non-tax estate-planning goals.1 Irrevocable trusts are used during life most often for estate tax planning to remove the fair market value (FMV) of the trust property from the grantor’s gross estate (GE) for federal estate tax (FET) purposes.
All access premium subscription
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in becoming a subscriber with unlimited article access, please select Subscription Options below.
Questions about your account or how to access content?
Contact: [email protected]