Wealth Preservation · Authority Guide
Trust-Based Wealth Preservation
Trusts preserve wealth across generations and disruptions. Revocable for control, irrevocable for protection.
Executive summary
Trusts preserve wealth across generations and disruptions. Revocable for control, irrevocable for protection.
- Revocable living trust = probate avoidance
- Irrevocable trust = asset protection + estate tax
- ILIT for life insurance
Key takeaways
- Revocable living trust = probate avoidance
- Irrevocable trust = asset protection + estate tax
- ILIT for life insurance
- Special Needs Trust for dependents
Key strategies
Strategy 1
Revocable living trust = probate avoidance
Strategy 2
Irrevocable trust = asset protection + estate tax
Strategy 3
ILIT for life insurance
Strategy 4
Special Needs Trust for dependents
Pro-tips checklist
- Review trust every 5 years
- Coordinate beneficiary designations with trust
FAQ
Do I need a trust if my estate is under the federal exemption?
Often yes — for probate avoidance, privacy, and incapacity planning.