Tax-Planning Client Letter on Irrevocable Trusts, Gift Tax, and Estate Tax

Professional accounting Associates
It is my pleasure to write to you after such an informative meeting that we had in our last week's coffee date. Indeed, you are a great treasure to your grandchildren and a role model for the upcoming generation. It was indeed a resourceful moment.
Just as we agreed, I have made a follow up on the issues we discussed concerning irrevocable trusts, gift tax, and estate tax, and this letter is purposely addressing a myriad of issues surrounding the same. The letter will also serve as an informative document to you on various options at your disposal relating to irrevocable trusts, gift tax, and estate tax and the available options in each category. Based on the insights presented in this document, we will be able to draft our next course of action towards actualizing the whole process of transfer of benefits to your grandchildren.
The information presented herein is in support of the United States Trust Law. In consultations with Latham & Watkins LLP, adequate information regarding the benefits of irrevocable trust was gathered. The benefits from such arrangements were evaluated with the aid of trust law professionals from Latham and Watkins LLP. In addition to consultations from Latham and Watkins law firm, research was conducted over the same matter from relevant documents and articles published by reputable authors on business law and trust law.
The irrevocable tax requires you to transfer your estates to your grandchildren. There are a number of positive implications that are associated with such arrangements. To mention but a few, you will be exempted from taxation of income accrued from the estates under irrevocable trust, which will lower your tax liability. Secondly, under the irrevocable tax, you will be able to control the properties by instituting instructions on...