Irrevocable Trust: When the settlor (the person creating a trust) transfers title of the trust proceeds to the trustee and reserves no right to cancel, alter or abolish the trust.
Irrevocable Trust
A trust that is permanent only after it has been established which the creator cannot change or revoke.
Legal-Explanations.com Home ...
Irrevocable Trust: A trust that is not amendable or revocable by the grantor. Normally created during a grantor's lifetime.
Irrevocable Trust:
A trust that, once set up, the grantor may not revoke.
Issue: ...
Irrevocable trusts designed to save on estate tax.
There are several kinds; with all of them, you keep income from trust property, or use of that property, for a period of years.
An irrevocable trust created by a married couple to avoid probate and minimize federal estate tax.
Charitable Remainder Trust A kind of charitable trust in which someone places substantial assets into an irrevocable trust.
a form of trust in which the donor (trustor or settlor) places substantial funds or assets into an irrevocable trust (a trust in which the basic terms cannot be changed or the gift withdrawn) with an independent trustee, ...
 See also: Trust, Law, Information, Time, Estate
  
|
RSS
