How to Transfer an IRA to an Irrevocable Trust?

Answer An Individual Retirement Account (IRA) is a supplemental retirement savings account that is owned by one living person. As such, an irrevocable trust can not be the owner of the IRA. However, the I... Read More »

Top Q&A For: How to Transfer an IRA to an Irrevocable Trust

LLC Vs. Irrevocable Trust?

In the area of estate planning, you can use a number of tools to help protect your assets and property. Some people put their assets into the ownership of a limited-liability company, or LLC, while... Read More »

Can you change an irrevocable trust?

On One Hand: Irrevocable Means You Lose ControlWhen you create a living trust, you must decide whether it will be revocable or irrevocable. Irrevocable trusts provide certain benefits beyond what a... Read More »

How do I administer an irrevocable trust?

Follow The AgreementIn order to administer an irrevocable trust, you must follow the trust agreement, which separates the ownership of the named property from the original owner. As the administrat... Read More »

Is an irrevocable trust a contract?

Trusts are a type of legal contract that indicate how property is to be handled or cared for. An irrevocable trust cannot be canceled or modified without the permission of all parties involved.Sour... Read More »