@jakeclaverqfop: An irrevocable trust has its own EIN, provides creditor protection by removing assets from your possession, and avoids probate. The tradeoff is giving up control. Income over $15,000 inside the trust is taxed at 37.5 percent. Pairing it with an LLC allows some gains to be taxed at LLC rates instead. Takes two years to season. Cannot be set up during a divorce, with outstanding creditors, or while owing taxes. Trust protector cannot be subordinate to you and needs basic legal knowledge.

Jake Claver

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Region: US

Sunday 06 September 2026 11:03:31 GMT