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Home » BLOG » Special Needs Planning » How Do I Trust Thee…Part II

How Do I Trust Thee…Part II

When clients undertake Estate Planning, they face the difficult decision of naming one or more individuals to serve in various fiduciary positions. If a client sets up an irrevocable trust during life, the client may prefer to serve as trustee instead of naming a third party. Serving as trustee gives comfort to the trustor that they maintain a level of control over the assets transferred to the irrevocable trust; however, depending upon the provisions of the trust, naming a trustor as trustee of an irrevocable trust could defeat the intended tax consequences. This article explores what powers a trustor should avoid serving as a trustee of an irrevocable trust. Read on to learn more.

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Steve Hartnett
Steve Hartnett
Steve Hartnett
Latest posts by Steve Hartnett (see all)
  • The Joy in Joint Trusts - May 1, 2023
  • How Do I Trust Thee…Part III - August 11, 2022
  • How Do I Trust Thee…Part II - August 9, 2022

Date: August 9, 2022 Category: Estate Planning, Legal Education

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