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2. What is an irrevocable beneficiary? - AOL

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

   For example, in cases of divorce where minor children are involved, a court may require an ex-spouse to be named as an irrevocable beneficiary to ensure the children’s financial protection.

3. How Will My Trust Assets Be Treated If I Divorce? - AOL

   www.aol.com/trust-assets-treated-divorce...

   Continue reading → The post How to Protect Trust Assets From a Beneficiary's Divorce appeared first on SmartAsset Blog. Trusts can be a useful estate planning tool for passing on wealth to heirs ...

4. Will Terminating an Irrevocable Trust Affect My Taxes? - AOL

   www.aol.com/terminating-irrevocable-trust-affect...

   Dissolving an irrevocable trust can be a complex process, usually requiring consent from all beneficiaries, filing the necessary paperwork and potentially getting court approval. For instance, in ...

5. 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 ...

6. United States trust law - Wikipedia

   en.wikipedia.org/wiki/United_States_trust_law

   This includes providing the beneficiary a copy of the trust agreement, notice of the acceptance or change of trustee and the contact information for the trustee, notice that a trust has become irrevocable due to the grantor's death, and any changes in the trustee's rate of compensation. [65]

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

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

   An irrevocable trust can also protect the beneficiary’s inheritance from collections or creditors. Money in an irrevocable trust does not have to be used to pay debts.

8. Asset-protection trust - Wikipedia

   en.wikipedia.org/wiki/Asset-protection_trust

   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). Most of them contain a spendthrift clause preventing a trust beneficiary from alienating his or her expected interest in favor of a creditor. The spendthrift clause has three general exceptions to the ...

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

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

   However, with an irrevocable trust, typically, the grantor cannot alter the terms of the trust without the beneficiary’s approval. But the grantor still had the authority to determine how the ...