API Client Service Team 1-801-679-6978
Need help?
API Irrevocable Trust
Secure your Future: Long-term Generational Planning
settings
Divider Text
How it works: Irrevocable Trust refers to any trust where the grantor cannot change or end the trust after its creation. Grantors may choose a trust with such limitations to limit estate taxes or to shield assets from creditors.
settings
Divider Text
$2,495 API Irrevocable Trust Benefits:
check
Estate Tax Benefit: Items and assets you put into an Irrevocable Trust do not add to the value of an estate. That means creating an Irrevocable Trust could be a financially smart move for anyone with a very large estate. In 2020, estates valued at more than $11,580m are subject to federal tax (note, the tax is applied only to any amount over that threshold).
check
Asset Protection: An Irrevocable Trust can protect assets from judgements and creditors. If you have a high-profile career or are otherwise likely subject to lawsuits, an Irrevocable Trust may be a good idea.
check
Irrevocable Nature: An Irrevocable Trust cannot be changed or revoked. You, as the grantor, will have the ability to set the rules. Once the trust is completed, it cannot be altered. It is critical to make sure your trust is setup very carefully.
check
Access to Government Benefits: Your wealth can actually count against you when it comes time to collect government benefits like Medicare and Supplemental Security income. By putting assets into an Irrevocable Trust, you may not have to deplete your savings and assets before qualifying for assistance. This can be huge in preserving wealth for your heirs.
settings
Divider Text
API Retirement Bundle (Bonus)
Retirement Planning for the Self-Employed
24 page PDF Report
24 page PDF Report
Retirement Planning for the Self-Employed Worksheet
PDF Template
PDF Template
Retirement Planning for the Self-Employed Action Guide
PDF Template
PDF Template
Planning for Retirement
24 page PDF Report
24 page PDF Report
Choosing a Retirement Plan Action Guide
PDF Template
PDF Template
Financial Security For Retirees Worksheet
PDF Template
PDF Template
Save $50 Dollars Each Week Worksheet
PDF Template
PDF Template
Retire Sooner With These Strategies
PDF Template
PDF Template
Retire in 20 Years or Less
25 page PDF Report
25 page PDF Report
Retire in 20 Years or Less Worksheet
PDF Template
PDF Template
Tax Advantaged Retirement Worksheet
PDF Template
PDF Template
Top 10 Tips for Taking Back Control of Your Finances
PDF Template
PDF Template
A Practical Guide to Asset Protection
Protect your retirement plans and assets with this 183 page eBook by veteran asset protection attorney Gregory James Christiansen, J.D.
Protect your retirement plans and assets with this 183 page eBook by veteran asset protection attorney Gregory James Christiansen, J.D.
settings
Divider Text
Do you have more questions for me? Book a spot on my calendar below and let's continue the conversation! - Dakotah Atwood | API Law Paralegal
security
Divider Text
Copyright © 2024 API Law and its parent, subsidiaries, affiliates, and agents (collectively, “API.Law”, "we", "our", or "us"), is a full-service licensed law firm. All rights reserved. API Law is a full-service law firm. The information on this website is for general information purposes only. Nothing on this website should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship. A formal attorney-client relationship is created when an engagement letter is signed.
The information contained on this page is intended to help small entities comply with the beneficial ownership information reporting rule promulgated by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). * This page is explanatory only and does not supplement or modify any obligations imposed by statute or regulation. Additionally, this page does not supersede more recent guidance documents issued by FinCEN. For additional information, consult The Reporting Rule, which implements Section 6403 of the Corporate Transparency Act. The rule describes who must file a BOI report, what information they must provide, and when they must file the reports. The Reporting Rule is found at 1010.380 in title 31 of the Code of Federal Regulations (CFR).
The information contained on this page is intended to help small entities comply with the beneficial ownership information reporting rule promulgated by the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). * This page is explanatory only and does not supplement or modify any obligations imposed by statute or regulation. Additionally, this page does not supersede more recent guidance documents issued by FinCEN. For additional information, consult The Reporting Rule, which implements Section 6403 of the Corporate Transparency Act. The rule describes who must file a BOI report, what information they must provide, and when they must file the reports. The Reporting Rule is found at 1010.380 in title 31 of the Code of Federal Regulations (CFR).