California Irrevocable Trusts | Estateplanning | Vibepedia.Network

The concept of a trust dates back to ancient Rome. Trustees must provide regular accountings of trust income and expenditures to the beneficiaries. The IRS provides guidance on the tax implications of irrevocable trusts. The selection of a trustee is a critical decision, as the trustee will be responsible for managing the trust and making decisions about the distribution of assets.