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  2. Trust (law) - Wikipedia

    en.wikipedia.org/wiki/Trust_(law)

    Inter vivos trust (or 'living trust'): A settlor who is living at the time the trust is established creates an inter vivos trust. Irrevocable trust: In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed. Although in ...

  3. Estates and Wills: Should You Set Up a Revocable or ... - AOL

    www.aol.com/estates-wills-set-revocable...

    The Beneficiary or Beneficiaries: Parties who receive the assets of the trust upon the grantor’s death Trustee: The person who ensures the terms of the trust are followed

  4. What Do My Beneficiaries Need to Know About Trusts & Money? - AOL

    www.aol.com/does-beneficiary-money-trust...

    However, with an irrevocable trust, typically, the grantor cannot alter the terms of the trust without the beneficiary’s approval. But the grantor still had the authority to determine how the ...

  5. What is an irrevocable beneficiary? - AOL

    www.aol.com/finance/irrevocable-beneficiary...

    Instead, consider naming an adult or creating a trust to manage the funds on behalf of your children. ... When comparing a revocable beneficiary vs. irrevocable beneficiary, the scenario is ...

  6. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    In an irrevocable trust, the trust instrument may, in some instances, grant the beneficiaries a power to remove a trustee by a majority vote. Absent this provision, in most UTC jurisdictions, other co-trustees or beneficiaries can remove a trustee only by court action. [25] However, the threshold for removal under the UTC is not substantial.

  7. Beneficiary (trust) - Wikipedia

    en.wikipedia.org/wiki/Beneficiary_(trust)

    In trust law, a beneficiary (also known by the Law French terms cestui que use and cestui que trust), is the person or persons who are entitled to the benefit of any trust arrangement. A beneficiary will normally be a natural person , but it is perfectly possible to have a company as the beneficiary of a trust, and this often happens in ...

  8. Don’t Make This Mistake — Create a Trust Instead of a Will

    www.aol.com/don-t-mistake-create-trust-180010051...

    There are four types of trusts that might suit your needs: irrevocable trusts, revocable trusts, testamentary trusts and living trusts. Living trusts and revocable trusts can be established while ...

  9. Revocable trust vs. irrevocable trust: key differences - AOL

    www.aol.com/finance/revocable-trust-vs...

    However, a revocable trust can provide language to create sub-trusts upon the death of a grantor (e.g. credit shelter or other irrevocable trusts) that can preserve or reduce future estate tax ...

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