Irrevocable Trust: Michael K. Lanning, APLC

An irrevocable trust is one whose terms can’t be modified, amended, or terminated without the beneficiary’s or beneficiaries’ permission. As an estate planning tool, irrevocable trusts protect assets, reduce estate taxes, get government benefits, and access them. Based on your financial situation, an estate planning attorney can help you decide which and if an irrevocable trust is right for you.

Types of Irrevocable Trusts

Irrevocable Trusts—the Downside

The primary disadvantage of an irrevocable trust is that once the assets are added, the Trustor/Grantor no longer has access to the estate assets. It’s important to consider other downsides.

Let’s Talk Trusts

The Law Offices of Michael K. Lanning, APLC, specializes in financial planning and wealth counseling. We’re committed to helping our clients and can help you build a wealth protection strategy that aligns with your unique needs and objectives for a sound financial future. Depending on your financial situation, irrevocable trusts may or may not be right for you—there’s only one way to find out. Contact us at 310-820-1600 or go to our website to learn more and set up a consultation.

We serve West Los Angeles, Santa Monica, Pacific Palisades, Manhattan Beach, and the surrounding Los Angeles communities.

The Law Offices of Michael K. Lanning, APLC

11777 San Vicente Blvd.

Suite 750

Los Angeles, California, 90049

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