Asset Protection
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.
Privacy
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.
Tax Benefits
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.
Recent Articles
Irrevocable Provision
Practice Note: The Irrevocable Provision, among other things, helps establish trust requirement that it not be altered in any way. It acts as a...
Complex Provision
Practice Note: The Trust is complex with a Simple Provision. A Complex Trust can accumulate income and distribute from the corpus. A simple trust...
Spendthrift Provision
Practical Considerations: How is a Spendthrift Provision created? The Texas Trust Code reads: Sec. 112.035 SPENDTHRIFT TRUSTS “(b) A declaration in...