WTP User looking for an Irrevocable Trust with the following…
There are very few trusts in the program that are irrevocable, where the grantor is a beneficiary (since doing so triggers a taxable gift and doesn’t provide creditor protection), so we think the best way to draft this trust would be to set it up as a Revocable Trust, and then remove the provisions about the trust being revocable (and perhaps inserting the irrevocability language from one of our separate irremovable trusts).
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