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Irrevocable Living Trust

An Irrevocable Living Trust is simply one that cannot be changed or cancelled once it has been established. The advantage of setting up an irrevocable living trust is that assets in the trust are not included in your gross estate for estate tax purposes. First American Bank & Trust's can administer several types of irrevocable living trusts such as:

  • Irrevocable Life Insurance Trust - Owns an insurance policy
  • Qualified Personal Residence Trust - Holds a personal residence
  • Grantor Retained Annuity Trust - Provides income to the Grantor 

Investments offered by Trust and Investment Services are NOT FDIC INSURED, provide NO BANK GUARANTEE and MAY LOSE VALUE.

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