Irrevocable Trust Attorney, Massachusetts

Irrevocable Trusts

An irrevocable trust (unlike a revocable trust) cannot be amended once established. This type of trust is often specifically useful in particular circumstances – for larger estates, or for Medicaid eligibility planning, or gifting of assets to future generations. Once assets are transferred to an irrevocable trust you no longer have access or control of the assets.

Most commonly used in Medicaid eligibility planning, the obvious impact of such a permanent asset transfer clearly requires consultation with the estate planning attorneys of Moody & Knoth, P.C. to allow prudent, deeply considered decisions.

Contact us today to discuss your options for estate tax minimization and maximum asset protection.

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