Understanding Irrevocable Trusts
Preserve Your Assets!
Call Our Torrance Estate Planning Lawyer for Assistance
One of the most significant assets of estate planning is the creation of
a trust. Trusts help you maintain control of your assets and decide when
and how they will be distributed. An irrevocable trust is special in that
it cannot be terminated or altered at any point.
At the Law Offices of James C. Shields in the South Bay, we understand
that while not beneficial for everyone, irrevocable trusts are highly
advantageous for individuals facing unique circumstances. Our
Torrance estate planning lawyers have nearly 20 years of experience ready to utilize for the achievement
of your most favorable outcome.
Who Can Benefit from an Irrevocable Trust?
A trust is helpful because it allows you to control your wealth, guard
your legacy, and abstain from probate. Even someone who feels that they
have a minimal amount of wealth can find peace of mind by creating an
An irrevocable trust is beneficial for anyone hoping to achieve the following:
- Avoiding or reducing taxes
- Safeguarding assets from creditors
Taking care of family members who are minors or have
If you wish to create an irrevocable trust, you must sign a written trust
agreement and appoint an individual, called a trustee, to oversee your
assets. Your trust will distinguish benefactors – the people who
will receive certain assets when you pass away. Selecting a dependable
trustee is crucial to the overall success of your trust.
Whatever your goals are for your irrevocable trust, we're here to help
you achieve them. Not only is our firm dedicated to keeping your assets
secure while you're alive, we can help you provide for your loved
ones after you're gone. The right choice of legal representation makes
all the difference in the world. Let the Law Offices of James C. Shields
show you why.
Contact our talented estate planning lawyers in Torrance today.