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Should I invest in an irrevocable inter vivos trust?

If your estate is large enough to be subject to estate taxes, you may want to consider an irrevocable inter vivos trust. Assets in an irrevocable trust aren't part of your estate for tax purposes, which can reduce estate taxes for your beneficiaries.

Is an inter-vivos trust revocable or irrevocable?

An inter-vivos trust can be either revocable or irrevocable. When a living trust is revocable, the trustor can change or cancel it, and can even act as its trustee (person who manages the trust). An irrevocable trust, on the other hand, may not be changed once it is created.

What is an inter vivos trust?

An inter-vivos trust is a fiduciary relationship used in estate planning created during the lifetime of the trustor. Also known as a living trust, this trust has a duration that is determined at the time of the trust's creation and can entail the distribution of assets to the beneficiary during or after the trustor's lifetime.

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