Conserving Assets with Irrevocable Trusts
If your estate planning goal is to protect your assets and pass them on to your heirs with minimal or no taxes, talk to an experienced estate planning lawyer at the Hamilton Law Office in Sudbury, Massachusetts, about how irrevocable trusts can meet your estate planning needs.
Irrevocable Trusts ∙ Asset Protection
Contact Us for a Consultation ∙ (978) 261-3281
attorney Stuart Hamilton began his estate planning experience in large Boston law firms. He brings the value of that experience plus an in-depth knowledge of finance to our clients in the West Metro area. Our firm offers large-firm experience and a convenient location at lower fees than the Boston firms.
- One type of irrevocable trust — a life insurance trust — can take life insurance proceeds out of your estate and into your heirs' hands without adding to the taxable value of your estate.
- Using irrevocable trusts, you can put assets in your children's names. With careful planning, you can avoid estate taxes and gift taxes in your trusts for children. Talk to an experienced attorney about establishing an irrevocable trust that minimizes estate taxes.
- A grantor retained annuity trust (also known as a GRAT) can be used to transfer funds at today's value thus assuring few if any tax consequences for your heirs when the value increases.
Our practice is focused solely on estate planning, probate and estate administration. Contact us to discuss using irrevocable trusts in your estate plan. The Hamilton Law Office will provide up-to-date advice from an experienced estate planning lawyer that meets your specific needs.
