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Can NH Irrevocable Trusts Protect Your Wealth from Unexpected Costs?

Navigating the Granite State: An In-Depth Look at Irrevocable Trusts in New Hampshire Estate planning is a cornerstone of financial security and peace of mind, allowing you to dictate the future of your assets and protect your loved ones. While many are familiar with revocable living trusts and wills, an often-underestimated yet powerful tool in the estate planning arsenal is the irrevocable trust. For residents of New Hampshire, understanding the unique benefits, complexities, and strategic applications of irrevocable trusts is crucial. Unlike their revocable counterparts, irrevocable trusts, once established and funded, generally cannot be altered or revoked by the grantor (the person who creates the trust). This seeming inflexibility is precisely what grants them their significant protective power. Why Consider an Irrevocable Trust in New Hampshire? Despite the lack of direct control, the strategic advantages of an irrevocable trust can be profound, offering sp...