英文:The irrevocable trust ensures that the assets will be distributed according to the grantor's wishes upon their death. 中文:这份不可撤销的信托确保资产将在委托人去世后按照其意愿进行分配。 英文同义表达: unalterable:意为“不能改变的”,与“irrevocable”在法律和正...
The meaning of IRREVOCABLE is not possible to revoke : unalterable. How to use irrevocable in a sentence. Irrevocable and Trusts
removing the trust's assets from the grantor'staxable estate. It also relieves the grantor of the tax liability on the income generated by the assets.1While the tax rules vary between jurisdictions, the grantor can't receive these benefits if they are ...
Irrevocable trusts come in two forms: a living trust, which is established while the grantor is alive, or a testamentary trust, which is established after the grantor’s death based on their will. There are different kinds of irrevocable trusts you can establish to suit your specific situation...
Overview of Irrevocable Trust An irrevocable trust is a trust that cannot be withdrawn by the creator, often referred to as a grantor or settlor. The creator effectively parts ways with the trust once the property, known as the corpus, has been transferred into the trust and the trust documen...
A revocable trust allows some grantors to avoid probate. This type of trust can avoid probate, but so does irrevocable trusts. This type of trust is ideal for clients with non-serious tax issues. It allows the trustor to maintain control over the assets as long as the client doesn’t ant...
Since the proceeds from the death benefit are excluded from the grantor’s estate, multiple generations of the family—children, grandchildren, and great-grandchildren—may benefit from the trust's assets free of estate and GST tax. 7. Tax Considerations ...
As a result, the property held in the trust will not be subject to probate after the creator’s death. The beneficiaries can avoid the time and expense involved with the probate process, and the grantor won’t be personally liable for estate taxes on the funds transferred into the trust. ...
英文:The irrevocable trust ensures that the assets will be distributed according to the grantor's wishes upon their death. 中文:这份不可撤销的信托确保资产将在委托人去世后按照其意愿进行分配。 英文同义表达: unalterable:意为“不能改变的”,与“irrevocable”在法律和正式文件中常可互换使用。 例句:The...