Irrevocable Trusts

Sometimes irrevocable trusts are the appropriate choice for clients who are seeking to minimize taxes on their estate, to preserve government benefit eligibility for their disabled beneficiaries, or to set up particular protections for their assets. The attorneys at Timoney Knox know precisely the right scenarios in which an irrevocable trust is advisable and can guide you through the process of setting one up.

We assist clients with implementation of Irrevocable Trusts, which are often used to hold life insurance, to protect assets being transferred to another generation, and to remove assets from a client’s estate. Irrevocable Trusts could also include Grantor Retained Annuity Trusts (GRATs), Charitable Remainder Unitrusts (CRUTs), Intentionally Defective Grantor Trusts, and Trusts established for minors or individuals with special needs.