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


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