Can given gifts be an irrevocable trust?

Answer Gifts can be made as an irrevocable trust, which is a trust created during the giver's, or grantor's, lifetime that cannot be revoked, amended or terminated. The grantor transfers legal rights of t... Read More »

Top Q&A For: Can given gifts be an irrevocable trust

What is irrevocable trust?

An irrevocable trust is a legal method for owning property. An irrevocable trust, unlike a revocable trust, can only be terminated with the consent of the trustee and the beneficiaries.BasicsA trus... Read More »

LLC Vs. Irrevocable Trust?

In the area of estate planning, you can use a number of tools to help protect your assets and property. Some people put their assets into the ownership of a limited-liability company, or LLC, while... Read More »

How many witnesses should an irrevocable trust have?

Generally, an irrevocable trust should have at least two witnesses who have reached the age of majority, and who are not beneficiaries of the trust. However, every state has its own rules, so it is... Read More »

Can you change an irrevocable trust?

On One Hand: Irrevocable Means You Lose ControlWhen you create a living trust, you must decide whether it will be revocable or irrevocable. Irrevocable trusts provide certain benefits beyond what a... Read More »