What Are the Different Types of Irrevocable Trusts?

There are many different forms of irrevocable trusts, each designed to achieve specific estate planning goals. Some of the most commonly used types include:

- Asset Protection Trusts: These trusts shield assets from creditors and potential legal judgments.
- Charitable Remainder Trusts: These provide income to the Grantor or another individual during life, with the remainder going to a charitable organization.
- Irrevocable Life Insurance Trusts (ILITs): These remove life insurance proceeds from the Grantor’s taxable estate.
- Special Needs Trusts: These allow assets to be used for the care of a loved one with disabilities without compromising eligibility for public assistance.

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

Phone
This field is for validation purposes and should be left unchanged.
First Name*
Last Name*
Email Address*
Phone Number
Select Phone Type
Agreement
- I agree to receive texts at the number provided from Clarity Legal Group. Frequency may vary and include information on appointments, events, and other marketing messages. Message/data rates may apply. To opt-out, text STOP at any time. Privacy Policy

The Ultimate Caregiver Guide!

Phone
This field is for validation purposes and should be left unchanged.
FIRST NAME*
LAST NAME*
EMAIL*
ADDRESS
ADDRESS 2
CITY
STATE
ZIP CODE
Phone Number
Select Phone Type
Agreement
- I agree to receive texts at the number provided from Clarity Legal Group. Frequency may vary and include information on appointments, events, and other marketing messages. Message/data rates may apply. To opt-out, text STOP at any time. Privacy Policy