Wills and Trusts attorney The Miller Elder Law Firm explains what an Irrevocable Trust is. If you need Estate Planning assistance call The Miller Elder Law Firm at (352) 379-1900.
“There are irrevocable trusts where, once you put the money in, you can’t get it back out. That’s a completed gift for IRS purposes, and sometimes people will do that for estate tax planning reasons.”
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