What Is An Irrevocable Trust?

An Irrevocable Trust is a legal document which cannot be amended or “revoked” once created. Irrevocable trusts offer tax advantages that revocable trusts do not. Irrevocable Trusts are often used to own life insurance policies to keep the life insurance proceeds out of an insured’s estate for estate tax purposes. Irrevocable Trusts are also used to make tax efficient gifts for the future benefits of one’s heirs – such as a Grantor Retained Annuity Trust or a Charitable Remainder Trust.

The Law Office of
David K. Whitlock

Atrium East 80 Route 4
Suite 170
Paramus, New Jersey 07652

Phone: (201) 655-7160

The Law Office of David K. Whitlock is located in Paramus, New Jersey. We provide estate planning and estate administration services to clients in New Jersey cities that include Alpine, Englewood Cliffs, Hoboken, River Vale, Tenafly, Haworth, Hawthorne, Wayne, Ridgewood, Glen Rock, Saddle River, Upper Saddle River, Allendale, Ho-Ho-Kus, Wyckoff, Franklin Lakes, Fair Lawn, Kinnelon, Ramsey, Waldwick, Oradell, Westwood, River Edge, Woodcliff Lake, Montvale, Oakland, Elmwood Park, Saddle Brook, Maywood, Hackensack, Teaneck, Englewood, Fort Lee, Mahwah, Alpine, Englewood Cliffs, Hoboken, River Vale, and Edgewater, NJ. We represent clients in New Jersey counties that include Bergen County, Passaic County, and Morris County. We represent clients throughout the New York City area including Manhattan, the Bronx, Brooklyn, Queens, Staten Island, New City, Monroe, and Warwick. We represent clients in New York counties that include Rockland County, Orange County, NY, Suffolk County, Nassau County and New York County.

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