Can the IRS Seize Assets in an Irrevocable Trust?
Irrevocable trusts are legal arrangements that provide asset protection and estate planning benefits. However, concerns may arise regarding the potential for the Internal Revenue Service (IRS) to seize assets held within an irrevocable trust. This article analyzes the interplay between irrevocable trusts and the IRS’s authority to levy assets, providing insights into the circumstances under … Read more