Law Offices of Dan Chern, P.C. Law Offices of Dan Chern, P.C.
Top
Irrevocable Trusts

Irrevocable Trust Lawyer in Dallas

What Is an Irrevocable Trust?

An irrevocable living trust goes into effect during the grantor’s life and cannot be revoked. Initially, many people wonder why they should create a trust they cannot modify. Fortunately, there are many benefits to an irrevocable trust.

As soon as assets are transferred into an irrevocable trust for the benefit of another person, they are no longer part of your estate, meaning they are exempt from estate taxes. Furthermore, the assets in an irrevocable trust for the benefit of another individual may be protected from that person’s creditors and divorcing spouses.

To learn more about establishing an irrevocable trust in Texas, contact a Dallas estate planning lawyer at our office.

  • Dan Chern Photo
    Dan Chern

    "Our firm is proud to be led by Attorney Dan Chern, who is a passionate legal advocate for individuals, families, and corporations. As a litigation attorney, he handles a wide range of business-related cases, including matters related to real estate, elder law, employment law, and estate planning. He is dedicated to delivering the highest quality of representation possible in order to secure favorable results for the men and women he represents."

    Read Full Bio
The Opinions We Value Most

Client Reviews & Testimonials

  • "Dan offered immediate assistance with my prior legal needs."
    Siobhan R

  • I appreciate this man so much.

    Former Client

  • Dan Chern autograph his work with excellence.

    Michelle
Read More Reviews

Types of Irrevocable Trusts

There are a wide variety of irrevocable trusts made for various purposes. The two most common reasons to make an irrevocable trust are to protect assets and to reduce taxes.

Common types of irrevocable trusts include:

  • Bypass Trusts
  • QTIP Trusts
  • QDOT Trusts
  • Charitable Trusts
  • Life Insurance Trusts
  • Generation-Skipping Trusts
  • Grantor-Retained Interest Trusts
  • Spendthrift Trusts
  • Special Needs Trusts
Continue Reading Read Less
Our Values What Our Work Means
  • Veteran Owned & Operated
  • Preparing Every Case for Trial
  • Former Municipal Judge
  • 25+ Years Of Experience
Request Your Consultation Today Contact Our Offices

Whether you have questions or you’re ready to get started, our legal team is ready to help. Complete our form below or call us at (972) 200-3078.

  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.
  • By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy