The Power of Planning Podcast: Revocable vs. Irrevocable Trusts – That Is The Question

In this episode of the Power of Planning podcast, Attorney Vanessa J. Skinner spotlights two types of irrevocable trusts used for estate tax avoidance purposes that are  especially popular given the impending sunset of the current historically high estate tax exemption amounts. In particular, she discusses the advantages and disadvantages of the spousal lifetime access trust (SLAT) and the irrevocable gifting trust. She also discusses the concept of the intentionally defective grantor trust, which enables the assets of an irrevocable trust to not be reduced by income tax.

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This podcast is designed to educate and empower listeners by offering a detailed discussion of the various legal considerations associated with the planning process for all different types of planning, including estate planning, government benefits planning, special needs planning, retirement benefits planning, asset protection planning, tax planning, charitable giving planning, Veterans benefits planning, and planning for lifetime incapacity.

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Vanessa Skinner, Esquire

Vanessa Skinner, a shareholder with the firm, practices in the areas of estate planning, special needs planning, elder law, and probate and trust administration and litigation. She is an accredited attorney for the preparation, presentation and prosecution of claims for veterans’ benefits before the Department of Veterans Affairs and a member of the Elder Law and Real Property, Probate and Trust Law Sections of The Florida Bar, and the Estate, Guardianship & Trust Committee of the Orange County Bar Association.

Latest posts by Vanessa Skinner, Esquire (see all)

• The Power of Planning Podcast: Preparing for the Estate Planning Process - January 22, 2025
• The Power of Planning Podcast: Women’s Giving Circles - December 20, 2024
• The Power of Planning Podcast: A Closer Look at the Corporate Trustee - November 22, 2024