How to Transfer an IRA to an Irrevocable Trust?

Answer An Individual Retirement Account (IRA) is a supplemental retirement savings account that is owned by one living person. As such, an irrevocable trust can not be the owner of the IRA. However, the I... Read More »

Top Q&A For: How to Transfer an IRA to an Irrevocable Trust

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 »

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 »

Can given gifts be an irrevocable trust?

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 »

Is an irrevocable trust a contract?

Trusts are a type of legal contract that indicate how property is to be handled or cared for. An irrevocable trust cannot be canceled or modified without the permission of all parties involved.Sour... Read More »