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3 powerful advantages of an irrevocable trust: 1️⃣ Estate tax reduction — assets moved out of your estate = lower tax bill. 2️⃣ Step-up in basis — heirs may avoid capital gains on inherited assets. 3️⃣ Tax shifting — income can be taxed at a lower bracket outside your name. Complex? Yes. Powerful? Absolutely. #YourMoneyGuideOnTheSide #TylerGardner #irrevocabletrust #estatetransfer #taxstrategy #wealthplanning #retirementestateplanning #stepupinbasis #taxefficiency #smartwealthmoves | Socialcapof
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