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

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

    Irrevocable trusts cannot be changed easily by any party, including the grantor. You can’t cancel the trust or remove funds from it. You also can’t change the trustee, successor trustee, or ...

  3. 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 ...

  4. Estate planning - Wikipedia

    en.wikipedia.org/wiki/Estate_planning

    After executing a trust agreement, the settlor should ensure that all assets are properly re-registered in the name of the living trust. If assets (especially higher value assets and real estate) remain outside of a trust, then a probate proceeding may be necessary to transfer the asset to the trust upon the death of the testator.

  5. IRS Changes Could Rewrite Your Inheritance Strategy: What to Know

    www.aol.com/finance/want-leave-assets-heirs-irs...

    Anyone using an irrevocable trust should be reviewing their estate plan to make sure it complies with the updated IRS rule and preserve the step-up in basis for assets that the trust will pass on ...

  6. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    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 the terms of the trust in order to accommodate unexpected changes in tax or fiduciary law, unexpected changes in the trust's ...

  7. Uniform Probate Code - Wikipedia

    en.wikipedia.org/wiki/Uniform_Probate_Code

    As the Florida appellate court pointed out, "[w]e cannot rewrite Florida probate law to accommodate a Michigan attorney more familiar with the Uniform Probate Code." [ 4 ] The Uniform Law Commission does not list Florida as one of the states that has adopted the Uniform Probate Code.

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