This episode of the Estate Planning Lawcast dives deep into irrevocable trusts, a powerful tool for estate planning. Attorneys Andrew Jaloza and Matt Deliberato explain: What are irrevocable trusts? Unlike revocable trusts, you cannot change or revoke these trusts once created.

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You’ll learn:
    • Benefits of irrevocable trusts
    • Reduce estate taxes
    • Protect assets from creditors and lawsuits
    • Control asset distribution after death
    • Qualify for government benefits (Medicaid planning) in specific situations (future episode)
    • Facilitate charitable giving Downsides of irrevocable trusts

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