Irrevocable Trust

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Trust is a legal entity in which you can place certain assets to accomplish specific goals. There are many different types of trusts, each used for different purposes. The following is the most common type of trusts:

Irrevocable Trust – Most often used for lifetime planning, involving gifting, business planning and succession, wealth succession, pre-marital planning, asset protection and planning for lifetime events (such as children’s marriages, new grandchildren, new business ventures, loss of job or medical insurance, retirement).