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

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
©2004-2015 Investor Glossary - All rights reserved - Terms of Use