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.
Subscription Options
Please Log in if you are currently a Trusts & Estates subscriber.
If you are interested in unlimited article access for one year, please select Annual Subscription below.
0 comments
Hide comments