Tax-Driven Irrevocable Trusts

Irrevocable trusts are often used to help minimize or eliminate the impact of the federal estate tax on your assets.

"Understanding Estate Taxes"
First, you need to know a bit about how the federal estate tax works, so click the link above for an online presentation about the federal estate tax.

A few tidbits about estate planning to minimize the federal estate tax.
A brief summary about Qualified Personal Residence Trusts.
A brief summary about Grantor Retained Annuity Trusts and Grantor Retained Unitrusts.
A brief summary about Qualified Domestic Trusts, which can help minimize federal estate taxes on non-U.S. citizens.
A brief summary about using trust provisions to minimize the federal generation-skipping transfer tax.

Irrevocable trusts are used not only to provide tax benefits but also to benefit charity at the same time.

Questions about Charitable Remainder Trusts.
Questions about Irrevocable Life Insurance Trusts.

"Understanding Charitable Remainder Trusts"
An online presentation about Charitable Remainder Trusts.

If you're unsure of whether you want everything to go to existing charities, you can establish your own charity, known as a Private Foundation.