Posted on June 3, 2010.
What is a living trust irrevocable? Need to know what that means. If I put my house in an irrevocable trust of life I can always mortgage and property taxes on my federal income tax?
A trust that can not be changed or canceled once it is implemented without the consent of the recipient. contributions can not be removed from the trust by the grantor. Irrevocable trusts offer tax advantages that revocable trusts are not, for example by allowing a person to give money and assets away even before he / she dies. opposite of revocable trust.
trust is designed primarily for estate planning and asset protection.
Sorry u can not ask the individual personal tax return.