Benefits of the Federal Irrevocable Complex Trust

Benefits of the Federal Irrevocable Complex Trust

  • Avoid probate and estate taxes
  • Avoid capital gains taxes
  • Tax reduction on income
  • Defer estate tax liability
  • Avoid lawsuit & judgment losses
  • Create a legacy for future generations
  • Insure privacy in business and real estate transaction
  • Enhance asset and income
  • Preserve and protect assets
  • Own nothing and control everything
  • Insure personal Privacy
  • Protect retirement savings
  • Isolate assets from litigation and liens
  • Provide a vehicle for the custody of children’s funds

To download this list as a printable PDF, click here.

Revocable Trusts vs. Irrevocable Trusts

This is general trust information that has been gathered from various legal sources and is not intended to be offered as a document created by 

Revocable/Irrevocable Trusts 

Here we examine the differences of revocable trusts vs irrevocable trusts. If you reposition (transfer) your assets through the use of an IRREVOCABLE TRUST, you will no longer own them. If you don’t own assets, no one will want to sue you; no one will want to track your spending habits; no one will call you to interrupt your dinner. You don’t have to go offshore. US Laws, US courts will defend and support your asset protection system. These laws have been defined by numerous court cases, over and over, right up to the Supreme Court. You must however, give-up control over your assets to a true independent trustee.

Legitimate repositioning (transfer) of assets from you to an irrevocable trust is perfectly legal. The fact is, if your assets are owned by a subchapter S. Corporation or a Limited Liability Company and in turn the shares of the Sub S or membership units of the LLC are owned by an irrevocable trust, it’s the fortress of US Asset Protection. The ultimate asset protection device is the use of an offshore asset protection trust.

The following financial grid explains the major differences between revocable vs. irrevocable trusts: FEATURES/BENEFITS  REVOCABLE TRUST (REVOCABLE LIVING TRUST)  IRREVOCABLE TRUST 
Asset Protection  ABSOLUTELY NO Asset Protection. NONE. The Grantor, The Trustee, and the Beneficiary are generally the same person. The Grantor did not give-up control of the asset(s). YES. The Grantor no longer owns the assets. Assets have been transferred to the INDEPENDENT Trustee who has a fiduciary duty to manage the assets for the benefit of all beneficiaries, which may include the Grantor.
Eliminate Probate  YES YES
Eliminate Estate Taxes  NO YES. Assets are not subject to the Estate Tax. The deceased did not “own” the assets or have assets in his possession at the time of his death.
Form 1040 income tax benefits  YES. You have done nothing. You still “own” the assets. All Income and Expenses flow-through to the Grantor’s form 1040. YES. If this is a Grantor-Type Trust, for income tax purposes, all income and expenses can flow through to the Grantor’s form 1040.
Comments:  The Revocable Trust is designed to eliminate probate. DOES NOT eliminate estate taxes; ABSOLUTELY NO asset protection. The Revocable Trust is nothing more than an extension of your will. For asset protection purposes the trust is irrevocable. Under certain conditions, the trust can be designed to be a pass-through trust


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