Irrevocable Trust – Definition & Detailed Explanation – Elderly Legal and Financial Planning Glossary
What is an irrevocable trust? An irrevocable trust is a type of trust agreement that cannot be modified or revoked once it has been established. This means that once assets have been transferred into the trust, the grantor (the person creating the trust) relinquishes control over those assets and they are managed by a trustee … Read more