An irrevocable trust can protect your assets both now and in the future.

At The Law Offices of Gabriel Liberman, we are experts in creating and administering irrevocable trusts, and we have helped thousands of Californians use this estate planning tool to protect their assets. Because an irrevocable trust essentially removes any affected assets from your possession and cannot generally be amended after its creation, it prevents those assets from being accessed by your creditors or taxed upon your passing.

Our experienced attorneys are well versed in the benefits and drawbacks of irrevocable trusts, and we would be happy to learn more about your estate planning goals and recommend a trust that will suit your needs. We understand that you likely have questions, so we offer a free consultation where we can help you learn more about your many options. To begin finding answers, please contact us online, visit one of our locations, or call us at 800-385-2821 today.

An irrevocable trust cannot generally be amended after its creation, meaning it is a legally binding document. The two main purposes of an irrevocable trust are to reduce taxes and protect any affected assets, and an irrevocable trust can take effect either during your lifetime or afterward. It is also worth nothing that the majority of revocable trusts become irrevocable after the passing of the trustmaker.

Under the terms of an irrevocable trust, the beneficiaries may receive income according to a schedule. However, the beneficiaries never own the whole amount of the trust, thereby preventing those assets from being taxed. This is useful not only for reducing taxes on large estates but also for ensuring that the estate is never wholly mismanaged by its beneficiaries.

Because an irrevocable trust cannot be amended, it is absolutely crucial that you work with an experienced attorney to create a trust that will suit the needs of you and your beneficiaries both now and in the future. Estate planning laws in California are complex, and only a knowledgeable attorney can ensure that your irrevocable trust will continue to meet your estate planning goals for years to come.

To learn more about how the attorneys at The Law Offices of Gabriel Liberman can help you, please contact us online, visit one of our , or call us at 800-385-2821 today. We look forward to helping you protect your assets now and in the future.