Although the trust must be irrevocable, meaning that the grantor has to give up the ability to make future amendments or revoke the trust, Tennessee has favorable trust decanting laws. Trust decanting allows an old irrevocable trust to be “poured into” or decanted into a ...
(quoted in 5 Collier on Bankruptcy ¶ 548.07 [3][a] n.4). The record is clear that the NH Revocable Trust is not an irrevocable trust or a spendthrift trust. It does not contain any provisions that would restrict the trustee's ability to make distributions or ...
Deposits with savings and loan associations must be collateralized as outlined above, by an irrevocable letter of credit issued by the Federal Home Loan Bank or by providing notes secured by the first mortgages or first deeds for trust upon residential property in the state equal to at least ...