Legacy Inc.: Are Irrevocable Trusts Really Irrevocable
Publisher: Town & Country
November 24, 2024
Day Pitney Private Client Partner Tasha Dickinson is featured in Town & Country article "Legacy Inc.: Are Irrevocable Trusts Really Irrevocable?" Dickinson, who handles high-net-worth estate planning, commented, "Absent a very unique set of facts, a client can't have it all. Most clients will say when they walk in the door that their highest priority is to save estate taxes. Most often, however, that is not their top priority. It is usually ensuring that their kids are productive, making sure future ex-spouses don't enjoy the wealth created by the family, or maybe who is going to run the family business after the matriarch or patriarch is not there. Emotions, of course, are never far from the surface. And it's almost impossible for children not to equate who's getting the most money from Daddy with who's getting the most love."
