An Irrevocable Trust is a legal instrument that protects the assets put inside of it, so that in the event of a lawsuit, both its Grantor and its Beneficiaries are protected. It also provides great income and estate tax benefits to the Grantor, however the control of that asset is greatly diminished. If you would like more information about Asset Protection, please visit me at www.assetprotectioncenter.com, and ask for our complimentary report and CD outlining the process. If you have a pressing matter, then feel free to call me at 714-966-2646!