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2. What is an irrevocable beneficiary? - AOL

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

   Unlike a revocable beneficiary, who can be swapped out at any time by the policyholder, an irrevocable beneficiary has irreversible rights to the policy death benefit, adding an extra layer of ...

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

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

   The grantor can set up the trust, so the money distributes directly to the beneficiaries free and clear of limitations. The trustee can transfer real estate to the beneficiary by having a new deed ...

4. Estate planning - Wikipedia

   en.wikipedia.org/wiki/Estate_planning

   If a revocable living trust is used as a part of an estate plan, the key to probate avoidance is ensuring that the living trust is "funded" during the lifetime of the person establishing the trust. After executing a trust agreement, the settlor should ensure that all assets are properly re-registered in the name of the living trust.

5. 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 ...

6. Residuary estate - Wikipedia

   en.wikipedia.org/wiki/Residuary_estate

   The person identified in such a clause is called the residuary taker, residuary beneficiary, residuary legatee, or residuary devisee. [2] Such a clause may state that, in the event that all other heirs predecease the testator , the estate would pass to a charity (that would, presumably, have remained in existence).

7. 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

8. United States trust law - Wikipedia

   en.wikipedia.org/wiki/United_States_trust_law

   This may even include situations where there may be a conflict in the grantor's direction and the actual terms of the trust. [15] In an irrevocable trust, there has developed a growing use of a so-called trust protector. This is generally an unaffiliated, third party (often a lawyer or an accountant) who is granted the power to amend or change ...

9. What Does a Revocable Beneficiary Mean for Estate Planning? - AOL

   www.aol.com/finance/does-revocable-beneficiary...

   The post What Does a Revocable Beneficiary Mean for Estate Planning? appeared first on SmartReads by SmartAsset. As you make these selections, you'll need to determine whether each beneficiary ...