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Elk Grove Irrevocable Trust Attorneys
Irrevocable Trust Attorneys in California
Transfer Assets While Minimizing Taxes
Types of Irrevocable Trusts
Irrevocable Trusts, such as Special Needs Trusts, Discretionary Trusts, Charitable Trusts, Residence Trusts, and Life Insurance Trusts, can be used to accomplish a variety of goals and objectives. For example, Life Insurance Trusts can be used to ultimately pass large gifts to one’s heirs while minimizing gift and estate tax exposure.
Properly drafted Special Needs Trusts can be great tools to provide supplemental benefits to individuals with special needs without jeopardizing state and federal benefits that individual may be receiving.
Key Differences
The difference between a revocable trust and an irrevocable trust is just what the name implies—a revocable trust can be revoked and an irrevocable trust cannot be revoked. While there are great benefits to be gained from the use of irrevocable trusts, they are not for everyone. Once assets are transferred to an irrevocable trust, the assets will be governed by the terms of that trust until the trust is terminated according to its terms.
If you believe that the terms of a trust are the result of fraud, duress, menace, or undue influence, or that the settlor lacked mental capacity to create a trust at the time the trust was drafted, contact us to schedule a free consultation. We will objectively evaluate the facts and circumstances of your case and will give you an honest assessment about your chances of success in a legal action.
Our attorneys can assist you in dealing with probate, trust, and estate law concerns. Call us today to request a consultation
What Our Clients Say
Reviews & Testimonials
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"Very knowledgeable, wise, and sensitive"
We hired Hannah Myers of Huber-Fox to help us with a recent restatement of our family estate trust. She showed that she is ...
- John M. -
"Very kind and very knowledgeable."
I was referred to you and I'm so glad I was. Setting up a trust can be a very emotional experience. But Hanna and her very ...
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"Highly recommended."
Personable, knowledgeable and professional, highly recommended.
- Larry B. -
"Very professional, and extremely knowledgeable."
Everyone I dealt with at Hubert Fox was very professional, and extremely knowledgeable. Despite my mother ‘s efforts with ...
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"Excellent experience."
Excellent experience. We are in another state across the country and the Huber Fox group represented us with the utmost ...
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"Really Helpful"
The whole experience was a total blessing from God!
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"Professional"
Excellent and way professional. Hannah was very informative and took the time to explain in layman's terms all the points of ...
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"Definitely Recommend!"
Great experience! We used Austin he was very knowledgeable and professional. Quick in response to our emails or phone calls. ...
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