Donald M. Thompson - Wills, Trusts, and Estate Planning

WILLS, TRUSTS, AND ESTATE PLANNING

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Irrevocable Trusts

These are trusts which the person who created the trust cannot revoke or amend. A transfer of assets to such a trust results in a gift to the beneficiaries of the trust for tax purposes. The assets transferred are usually out of the transferor's taxable estate.

 

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Donald M. Thompson * 55 W. Monroe #3950; Chicago, IL 60603
Ph: 312-782-0844 * Fax: 312-201-1436 * Email:
donthompsonlaw@sbcglobal.net