Reducing the amount of taxable assets in a taxable estate can transfer ownership of existing life insurance policies to an irrevocable trust or create the trust and transfer assets and money into it. For more information how irrevocable trusts help to reduce or avoid estate taxes click on the link below.
In this article, our Rock Island estate tax attorneys examine the estate planning tools available that are used to help reduce estate taxes in Rock Island estates by using irrevocable trusts.
