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revocable trust

 - 3 dictionary results
U.S. Trust
Offering One on One Guidance To Effectively Manage Your Assets.
USTrust.BankofAmerica.com
Revocable Trust
Law Office of Matthew C. Mullhofer. Estate Planning Expert. LA.
www.protectmyassets.com
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Financial Dictionary

Revocable Trust

A trust whereby provisions can be altered or cancelled dependent on the grantor. During the life of the trust, income earned is distributed to the grantor, and only after death does property transfer to the beneficiaries.

Investopedia Commentary

This type of agreement provides for flexibility and income to the living grantor, as he/she is able to adjust the provisions of the trust and earn income, all the while knowing that the estate will be transferred upon death.

See also: Beneficiary, Estate, Irrevocable Trust

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
Cite This Source
U.S. Trust
Offering One on One Guidance To Effectively Manage Your Assets.
USTrust.BankofAmerica.com
Revocable Trust
Law Office of Matthew C. Mullhofer. Estate Planning Expert. LA.
www.protectmyassets.com
Financial Dictionary

revocable trust

A trust that may be terminated by the grantor or that is set up to terminate automatically at a specific date. Revocable trusts are often used to turn daily decisions regarding certain assets over to someone else. They are also used to reduce probate fees, to reduce delays in distributing assets, and to keep assets from becoming a matter of public record. A revocable trustan important estate-planning toolmay serve to reduce federal estate taxes but generally will have no effect on income taxes. Compare irrevocable trust.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: revocable trust
see TRUST
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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Long Beach Trust Attorney
From simple trusts to full estate plans by an attorney $396 to $995
www.AttorneyWilliamson.com
Living Revocable Trusts
Get a free DVD and information on living revocable trusts
www.LivingRevocableTrustsOnline.com
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