Services · Irrevocable Trusts

Irrevocable Trusts

Irrevocable trusts trade control for protection — from creditors, long-term-care costs, and Pennsylvania inheritance tax.

We design irrevocable trusts for specific outcomes: shielding the family home from a nursing-home spend-down, removing life insurance from the taxable estate, or providing for a child with disabilities without losing benefits.

Common Pennsylvania irrevocable trusts

Medicaid Asset Protection Trusts (MAPTs) shield assets from long-term-care costs after the five-year lookback. Irrevocable Life Insurance Trusts (ILITs) keep death benefits out of your taxable estate. Spendthrift trusts protect a beneficiary's inheritance from their creditors or a divorcing spouse.

The tradeoff

An irrevocable trust generally cannot be undone. You give up direct control of the assets in exchange for the protection. We only recommend an irrevocable trust when the protection clearly justifies the loss of control — and we explain exactly what you are giving up before you sign.

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