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Irrevocable Trust

Irrevocable Trust (noun): A Trust that can’t be changed or terminated without the permission of the Beneficiary. The Grantor no longer has all of his...

Irrevocable Trust (noun): A Trust that can’t be changed or terminated without the permission of the Beneficiary. The Grantor no longer has all of his or her rights of ownership to the Assets and the Trust.

Words commonly used with this term include:

  • Will
  • Estate
  • Trust
  • Grantor
  • Assets

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