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2. Will I Owe Capital Gains Taxes on Irrevocable Trusts? - AOL

   www.aol.com/finance/irrevocable-trusts-pay...

   An irrevocable trust is a special type of trust used to protect assets. Unlike other trusts, once you move assets into the irrevocable trust, you cannot return them to the original owner.

3. What Is an Asset Protection Trust? - AOL

   www.aol.com/asset-protection-trust-000010057.html

   An asset protection trust protects your assets from creditors and lawsuits. These are typically irrevocable trusts, meaning once they’re established, you’ll no longer have control of the ...

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

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

   An irrevocable trust may be used when the creator is trying to limit estate taxes and protect assets from being taken by creditors since the trust’s assets are no longer considered theirs.

5. Asset-protection trust - Wikipedia

   en.wikipedia.org/wiki/Asset-protection_trust

   Consequently, the common goal of asset protection trusts is to limit the interests of beneficiaries in such a way so as to preclude creditors from collecting against trust assets. [citation needed] Such trusts must be irrevocable (a revocable trust will not provide asset protection because and to the extent of the settlor's power to revoke).

6. Trust (law) - Wikipedia

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

   [2] [3] A testamentary trust is an irrevocable trust established and funded pursuant to the terms of a deceased person's will. An inter vivos trust is a trust created during the settlor's life. The trustee is the legal owner of the assets held in trust on behalf of the trust and its beneficiaries. The beneficiaries are equitable owners of the ...

7. 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.