Irrevocable Trust - inter vivos
Inter vivos irrevocable trusts are created during the lifetime of the settler as stand-alone trusts. They can offer tax planning opportunities, facilitate charitable giving and begin the process of wealth transfer to future generations while the settlor is still alive. Inter vivos irrevocable trusts might include any of the following:
- Irrevocable Life Insurance Trusts
- Qualified Personal Residence Trusts
Testamentary trusts are irrevocable trusts created under a Will.
- Frequently incorporate tax planning and protection for the inheritances of spouses and future generations.
- Can be used to avoid a Guardianship of the estate of your minor children at your death.
Special Needs Trusts are established to provide non-essential items to a disabled beneficiary, who qualifies for public assistance, without endangering his/her eligibility for public benefits. The trust can be funded by:
- Assets belonging to the disabled beneficiary.
4600 Greenville Avenue
Dallas, Texas 75206