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

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

    It’s important to speak to a lawyer and tax accountant or tax attorney to discuss the tax ramifications of an irrevocable trust. An irrevocable trust can also protect the beneficiary’s ...

  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. Will I Need to Pay Capital Gains Taxes on My Irrevocable Trust?

    www.aol.com/revocable-vs-irrevocable-trusts...

    A trust is an estate planning tool that you may consider using if you want to go beyond drafting a last will and testament. One key thing to decide is whether to establish a revocable or ...

  6. 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 ...

  7. 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 ...

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