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Term Of The Hour

irrevocable trust rules: Original post by Jane Meggitt of Demand Media An irrevocable trust is a trust that can't be amended or modified. However, like any other trust an irrevocable trust can have multiple beneficiaries. The Internal Revenue Service allows irrevocable trusts to be created as grantor, simple or complex trusts. Revocable trusts that allow the grantor to make changes during his lifetime may change to…

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