An irrevocable trust is most commonly established by written trust agreement amongst family members and cannot be modified or terminated unless ordered by the Court or all parties to trust otherwise agree. An irrevocable trust may also be created upon death via last will or revocable living trust. While there are several reasons for establishing …
What Is An Irrevocable Trust And Why Do I Need One? Read More »
With renewed focus on how President Elect Biden will implement his tax policy after the U.S. presidency changes hands, many experts expect Biden to shift to a more progressive tax policy including tax rate increases on wealthy Americans and reduction of the U.S. federal estate tax exemption threshold, i.e. the max amount that can be …
The law offices of Locksley A. Rhoden, P.L. dba The Wealth Protection Firm is a boutique personal services law firm specializing in
business, taxation, charitable organizations, trust and estate planning, probate administration, trust administration, probate litigation, trust litigation and IRS representation.
We provide our clients with comprehensive and customized planning solutions designed to protect assets, insulate liability
exposure, minimize taxes and plan the transition of ownership and control of family wealth to future generations.
