Retire With Confidence
Retire With Confidence
Dave Zaegel, CPA, CFP
Ep 60: Estate Planning - Setting Up an Irrevocable Trust
6 minutes Posted Sep 12, 2023 at 5:30 am.
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In the Retire with Confidence podcast, the topic of discussion is irrevocable trusts that can be set up while still alive. These trusts are separate legal entities and can help lower estate taxes and provide creditor protection. The main reasons for setting up an irrevocable trust are to avoid estate taxes when passing on wealth and to ensure it is protected from potential creditors.