What is an irrevocable trust fund?

Answer An irrevocable trust fund is a legal relationship designed to own money and property in a way that protects the property from creditors, minimizes income and estate taxes and avoids probate. Anybod... Read More »

Top Q&A For: What is an irrevocable trust fund

How to Fund an Irrevocable Trust?

When you set up an irrevocable trust, you give up any rights to the assets that you place into it. The trust cannot be modified without the permission of your beneficiaries, even though you are the... Read More »

Common Trust Fund Vs. Unit Investment Trust Fund?

Trusts are groups of assets--stocks, bonds, etc.--that provide benefits for an organization, child or other family member. A common trust fund and unit investment trusts are two major categories of... 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 »

What is an irrevocable holding trust?

An irrevocable holding trust is a legal way to benefit from property without personally owning it. Irrevocable holding trusts are used to save on taxes, avoid probate and to protect property from p... Read More »