shootingstar

Can’t you be the trustee of an irrevocable trust even though you gave up the assets? That makes perfect sense to me to be able to direct a trade? You just can’t change the beneficiaries and crap, unless Im mistaken.
The revocable pays estate taxes upon death, which is based on the market value of the trust. So why would you pay a capital gains tax this year, then pay the wealth tax when you die? The wealth tax will be the same whether you realize a cap gain this year or not, as its based on market value.
The irrevocable only pays capital gains tax in the transaction, so you dont have to be worries about paying taxes on the cap gains and then the wealth tax upon death.
You basically opting to pay 2 taxes rather than 1 if you chose the revocable.