The Economic Strategist Irrevocable Spendthrift Trust is a useful tool for the protection of assets. It also eliminates the need for a Will and limits the need for probate of the Trustee and in many cases, beneficiaries.
Financial affairs are maintained in total privacy, and records are kept confidential. One of the most fundamental American rights is our right to financial privacy.
There may be tax benefits when using the Economic Strategist Irrevocable Spendthrift Trust.
Recognizing Illegal Tax Avoidance Schemes
There are a large number of illegal tax avoidance schemes. These schemes are typically promoted with the promise of reducing or eliminating income and other types of taxes.
Practice Note: The Irrevocable Provision, among other things, helps establish trust requirement that it not be altered in any way. It acts as a...
Practice Note: The Trust is complex with a Simple Provision. A Complex Trust can accumulate income and distribute from the corpus. A simple trust...
Practical Considerations: How is a Spendthrift Provision created? The Texas Trust Code reads: Sec. 112.035 SPENDTHRIFT TRUSTS “(b) A declaration in...