General Legacy Irrevocable Trust

Irrevocable trusts are powerful estate planning tools used to achieve long-term asset protection, tax efficiency, and structured wealth transfer. Unlike revocable trusts, an irrevocable trust generally cannot be amended, modified, or revoked after it is created—meaning the grantor gives up control over the assets placed into the trust. This feature can offer significant advantages, including protection from creditors, exclusion of trust assets from the taxable estate, and the ability to preserve government benefits for special needs beneficiaries.

Irrevocable trusts are commonly used in a variety of planning scenarios, such as supporting individuals with disabilities, or establishing long-term charitable legacies. They are also used in high-net-worth planning to remove appreciating assets from an estate and minimize future estate tax liability.

Because of their complexity and permanent nature, irrevocable trusts should be carefully designed to reflect the grantor’s goals, protect beneficiaries, and comply with tax and legal requirements. Proper funding and ongoing administration are essential to ensure the trust operates as intended.

What’s included:

  • Irrevocable Trust Agreement.

  • Certification of Trust.

  • Transfer Documents — such as:

    • Assignment of personal property;

    • Deed(s) (if real estate is transferred);

    • Stock or business interest assignments.

  • Trust Funding Instructions.

  • Notices to Beneficiaries (certain jurisdictions).

  • Affidavit/Statement of Grantor’s Intent.

  • Trustee Acceptance — A document signed by the trustee accepting their role and fiduciary duties.Personal Property Memorandum for each spouse.

  • Crummy Notices (if applicable) – For trusts involving annual gift tax exclusions, notifying beneficiaries of their withdrawal rights.