Irrevocable Trust

An Irrevocable Trust ensures that your wishes for your assets are carried out during your lifetime or at your death. Established by deed or will, an Irrevocable Trust cannot be changed. Different types of Irrevocable Trusts are associated with life insurance planning, asset/creditor protection, implementing family dynasty plans, providing a protected source of funds for family members in need of financial support and ensuring family assets are kept within the family. Irrevocable Trusts can be a very useful tool for individuals who have a desire or need to provide planning for disabled children or grandchildren, spendthrift protection, shielding family assets from divorce proceedings or to make arrangement for family members afflicted with health or substance abuse issues.

With nearly 30 years of experience in trust administration, Haverford can help you plan the trust document with your lawyer and other advisors to determine the best structures to meet your tax and estate planning needs.