Switch to ADA Accessible Theme
Close Menu
Tampa Irrevocable Trust Attorney
Securing Your Assets with Permanence and Protection

An irrevocable trust in Florida is a powerful legal arrangement designed to secure your assets for the benefit of named
beneficiaries. Once established, this type of trust cannot be modified or revoked without the beneficiaries’ consent,
providing a more permanent and binding solution than a revocable trust.

Request a Consultation
Tampa Estate Planning & Probate Attorney / Tampa Irrevocable Trust Attorney

Tampa Irrevocable Trust Attorney

At Knudsen Law, we understand the importance of securing your assets with a well-structured irrevocable trust. Our experienced team of Tampa irrevocable trust attorneys will guide you through the process, ensuring your trust aligns with your specific goals and needs.

Grantor’s Surrender of Control

In an irrevocable trust, the grantor permanently transfers ownership and control of the trust assets to the trustee. This means the grantor can no longer unilaterally modify or revoke the trust, creating a secure and reliable arrangement.

Asset Protection

Assets held within an irrevocable trust are generally shielded from creditors and legal claims, as they are considered separate from the grantor’s personal assets. This added layer of protection safeguards your wealth from potential risks and lawsuits.

Estate Tax Reduction

By transferring assets into an irrevocable trust, the value of those assets may be excluded from your taxable estate. This can potentially reduce estate taxes upon your passing, benefiting your loved ones and preserving more of your wealth.

Medicaid Planning

Utilizing an irrevocable trust can be a valuable tool for Medicaid planning. By transferring assets into the trust, you may be able to preserve the value of those assets and still qualify for Medicaid benefits.

Charitable Giving

Irrevocable trusts are excellent vehicles for charitable giving. Charitable remainder trusts (CRTs) and charitable lead trusts (CLTs) enable you to support charitable organizations while potentially receiving tax benefits.

Trustee’s Duties

The trustee of an irrevocable trust has the vital responsibility to manage the trust assets and carry out the provisions outlined in the trust document. They are bound to act in the best interests of the beneficiaries and diligently follow the terms of the trust.

Contact An Experienced Tampa Irrevocable Trust Attorney Today

Take the first step in safeguarding your wealth and the future of your loved ones. Schedule a consultation with our knowledgeable team at Knudsen Law today. Contact us at 727.398.3600 or fill out our contact form to get started. Protect your assets with confidence.

Hear What Our Clients
Say About Knudsen Law
“Highly Reliable, Supportive, and Professional”
Christina
“Phenomenal Experience”
Seth
“Outstanding and a True Professional!”
Les
“Beyond Happy, a Fantastic Attorney Who Goes the Extra Mile!”
Heather
“Efficient, Caring, and Respectful”
William
“Great Attorney – Prompt, Caring, and Knowledgeable.”
Anonymous
Paul Knudsen
Protect your assets with confidence.

Take the first step in safeguarding your wealth and the future of your loved ones. Schedule a consultation with our knowledgeable team at Knudsen Law today.

Call 727.398.3600
Contact Us