
Life often presents us with key moments that clearly mark a “before” and “after”. Trust planning is no different. Once you finance an irreversible faith, the return of the transaction comes with important consequences, both in terms of taxes and the responsibilities of faith. For example, the benefits of the property taxes of an irreversible trust depend on the willingness of the giver to waive the transferred assets, with any attempt to maintain an approach that endangers the effectiveness of the strategy. Moreover, a belief represents a relationship of trust between the belief and the beneficiaries of faith.1 As such, a trustee who benefits from the detriment to the detriment of the beneficiaries may face possible legal responsibilities. Further, not adhering to fiduciary dutie …