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Posts Tagged ‘Irrevocable Trust’

Irrevocable Trusts: Living and Testamentary

A trust is a financial arrangement that allows a grantor (the creator of the trust) to transfer assets to a trustee (the manager of the trust) to hold for beneficiaries (the receivers of the assets). An irrevocable trust is, quite simply, a trust that cannot be changed or revoked once it is created. If you create an irrevocable living…

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Estate Planning 101

As we get older, we may begin to shift our attention to estate planning. For most people, gifting comes to mind first; however irrevocable trusts may have some distinct advantages. What is an irrevocable trust? An irrevocable trust is a legal agreement established between 3 or more people. The Grantor (or settlor) is the individual…

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