As its name implies, an irrevocable trust cannot be revoked by the person who establishes the trust. Typically, an irrevocable trust also cannot be changed by a trustee or beneficiary. The irrevocable nature makes the trust a...more
Key points
•On Wednesday, September 15, The House Ways and Means Committee advanced a proposal for a $2.1 trillion tax increase.
•The proposal could drastically change the gift and estate tax treatment of new...more