For starters, the assets in irrevocable trusts aren't subject to estate taxes if they accrue value. (rocketlawyer.com)
Where high net worth households tend to separate from the pack, in terms of estate planning households, is the use of irrevocable trusts with a much greater emphasis on asset protection and federal estate tax planning. (insuranceandestates.com)
The child is on Medicaid, so creating a typical irrevocable trust for the child disqualifies him or her from these needs - based government benefits. (cnbc.com)