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

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   Upon the grantor’s death, a revocable trust becomes irrevocable and cannot be changed by the trustee or any other party. Irrevocable trusts cannot be changed easily by any party, including the ...

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

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   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 ...

4. Choosing Between a Revocable and Irrevocable Trust for Your ...

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   Estate planning is a crucial part of any holistic financial plan. As a financial advisor, you could direct your clients to an estate planning attorney for guidance in this area, but while ...

5. United States trust law - Wikipedia

   en.wikipedia.org/wiki/United_States_trust_law

   Irrevocable A trust that cannot be modified or dissolved without the consent of the beneficiary. The grantor effectively relinquishes all rights to any assets put into the trust. Assets are removed from the grantor's taxable estate. The grantor is also relieved of any tax liability from income generated by assets that are placed into the trust.

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

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   Well, if the grantor has a revocable trust, the assets will dissolve soon after the grantor passes away. On the other hand, assets in an irrevocable trust may take years or even decades to distribute.

7. Crummey trust - Wikipedia

   en.wikipedia.org/wiki/Crummey_trust

   The trust beneficiaries are notified by the trustee that they have the power to withdraw some or all of the gift to the trust for a specified time period. The simultaneous acts of the grantor transferring property to the trust and the trust beneficiaries being permitted to withdraw the gift from the trust is deemed to be the same as giving the ...

8. Grantor retained annuity trust - Wikipedia

   en.wikipedia.org/wiki/Grantor_retained_annuity_trust

   A grantor transfers property into an irrevocable trust in exchange for the right to receive fixed payments at least annually, based on original fair market value of the property transferred. [2] At the end of a specified time, any remaining value in the trust is passed on to a beneficiary of the trust as a gift. Beneficiaries are generally ...

9. 5 Reasons to Seriously Consider Using a Living Trust to Pass ...

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   The grantor can change which person administers distributions of the assets in the trust (called the trustee) or the parties that ultimately receives those assets (called beneficiaries ...