Advisors often include irrevocable trusts as part of a comprehensive estate plan to achieve both tax and non-tax goals. The use of irrevocable trusts can cause apprehension because of the perception that irrevocable trusts are inflexible in changing circumstances. This article, by my friend and colleague Tereina Stidd, explores how the use of a trust protector may provide flexibility in an irrevocable trust to address these concerns. Read on to learn more.
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