I would like to create an irrevocable trust to place funds in for someone else to be the beneficiary when I die. I want this trust to show me as executor to invest these funds any way I see fit until I die. But, also to not show these assets as belonging to me. I also don't want the beneficiary to know about this trust or to have to pay taxes. I will pay the taxes if I can get a tax # not associated with me. Can you tell me how to do this?
Asked on 9/23/09, 5:46 pm
1 Answer from Attorneys
James Swain
Swain Law Firm
Get a qualified attorney. This is a complicated area of the law and it is easy to do something that could have serious consequences.
I worked a probate where an innocent sounding sentence cost the estate over $400,000.
Answered on 10/04/09, 6:19 pm
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