Investor Glossary-irrevocable trustInvestor Glossary-irrevocable trustInvestor Glossary-irrevocable trustInvestor Glossary-irrevocable trustInsightful stock market charts - Click here
investor
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Irrevocable Trust

The HTML to link to this page
 

An irrevocable trust is a trust that once established, cannot be revoked, terminated, or changed in any way. This means that upon transferring assets into an irrevocable trust, the grantor can reserve no right to amend or abolish irrevocable trust proceeds. Furthermore, the grantor of an irrevocable trust is not permitted to make withdrawals from the trust principal. However, in some cases changes can be made to an irrevocable trust account upon the consent of a beneficiary. By this virtue, a living trust would not be an instance of an irrevocable trust. Examples of irrevocable trust accounts may include child trusts, as well as 2503 trusts. Irrevocable trust accounts may be set up for the purpose of saving on estate taxes, as well as protecting against creditor claims. An irrevocable trust may also be used to facilitate one or more life insurance plans.



Rate this irrevocable trust definition...

Learn about investing with the Investor Glossary Term of the Day


Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.


Popular Terms: ex-dividend, in escrow, 1031 exchange, inflation, 1035 exchange, wholly-owned subsidiary, minority interest, debt service coverage, balance sheet, cancelled check, required rate of return, covered put, option premium, stock market close, deferred tax, Zero Cost Collar, Key Rate Duration, ex-dividend date, average price per share, VIX, LIBOR, quality assurance, class C shares, FICO score, current ratio, implied volatility, stock split, 401a, reverse mortgage, limit order, command economy, real GDP, 144a, APR, annual return, dividends payable, open position, per diem, phantom income, margin rate, FTSE, labor relations, deferred revenue, EBITDA, risk management, retained earnings, liquidity ratio, diluted share, irrevocable trust


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Home | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use