Investor Glossary-revocable trustInvestor Glossary-revocable trustInvestor Glossary-revocable trustInvestor Glossary-revocable 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

Revocable Trust

The HTML to link to this page
 

A revocable trust is a trust that can be changed or terminated at any time by the grantor (the creator of the trust) during the grantor's lifetime. A revocable trust is sometimes called a living trust. The grantor has the right to reclaim or revoke the property placed in a revocable trust, add assets to the corpus of the revocable trust, or even change the beneficiary(ies), among other changes/alterations. For example, the grantor of a revocable trust may adjust the provisions of the trust and earn income. A revocable trust is considered part of the grantor's estate, due to its changeability, and is therefore subject to taxation: trust income from a revocable trust must be included in the grantor's tax return as if the trust didn't exist. Upon the grantor's death, the revocable trust's assets are transfered to the beneficiary(ies) - without being subjected to probate - and the revocable trust then becomes irrevocable. Unlike a revocable trust, an irrecovable trust offers tax advantages.



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


Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | 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