Irrevocable Trusts & Gifting

Attorney Suzanne Sayward discusses Irrevocable Trusts & Gifting, for this edition of our Smart Counsel for Lunch Series. Please watch and if you have any questions or want to learn more please call us at 781 461-1020.

[@trestondalton2043]

Great Information Guys Keep it up, I do have a question about gifts and trust.
How would one send more than the lifetime exemption to a trust to protect your assets with out paying such a huge tax?

[@TheQueentay1]

I’m new to this world and I work for a small wealth management company. We don’t have in house counsel. My question is for a irrevocable grantors trust and when the firm is Trustee, who signs the agreement paperwork? The grantor or the beneficiary of the trust?

[@wompol7117]

so what happens to the funds then???

[@WilliamAllen-hr7pq]

Thinks you for being as Clare as you cood I gass but that's involovotrust🎉❤ godddess😊

[@BTBLive]

Should you just gift 100k to each of the 5 kids and file 709 or set up Irrevocable trust? Both have the 5 year medicaid look back but gifting has no trustee paperwork or taxes.

[@wayneguy6043]

If it is written in an irrevocable trust” trustee has “unlimited authority” , is that enough for true unlimited authority?

[@salreyes3215]

Can your personal paycheck go into a Irrevocable trust?