Suppose you are a CPA, and your client has requested advice regarding establishing an irrevocable trust for his two (2) grandchildern. He wants the income from the trust paid to the childern for 20 years and the principal distributed to the childern at the end of 20 years.. Use the internet to research the rules regarding irrevocable trusts, gift tax, and estate tax. Write a one to two (1 - 2) page client letter in wich you: 1) Analyze the effect of an irrevocable trust on the gift tax and and future estate taxes. 2) Suggest other significant alternatives that the client could use both to reduce estate tax and to maximize potential advantages of the payment of gift taxes on transfers of property. 3) Make recommendation to your client.