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Definition of Irrevocable Trust

Definition of Irrevocable Trust

by FamilyTrust | Sep 10, 2013 | Definitions, Irrevocable Trusts, Revocable Living Trust, Trust Tax

An irrevocable trust cannot be changed. It is a trust that, by its terms, can’t be changed except by terms that might be written into the irrevocable trust. It must operate according to whatever are its terms. An irrevocable trust is typically set in a...

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