Search

What is another word for irrevocable trust?

Pronunciation: [ɪɹɪvˈɒkəbə͡l tɹˈʌst] (IPA)

An irrevocable trust is a legal arrangement where assets are transferred to a trustee for the benefit of beneficiaries, with no possibility of altering or revoking the terms once established. While this term is widely used in estate planning, various synonyms can convey the same concept. For instance, an unchangeable trust, a permanent trust, or an inalterable trust all emphasize the nature of its irrevocability. Such synonyms reinforce the idea that this type of trust is binding and final. No matter the term used, an irrevocable trust serves as a powerful tool for individuals seeking to secure their assets and protect their beneficiaries' financial future.
Opposite words
Antonyms
Search

What are the opposite words for irrevocable trust?

An irrevocable trust is a legal arrangement that cannot be altered or revoked once it has been created. The term "irrevocable" implies that the trust is permanent and cannot be changed. The opposite of an irrevocable trust is a revocable trust, which allows the grantor to modify or terminate the trust during their lifetime. Revocable trusts provide greater flexibility and control for the grantor, but they lack the same level of asset protection and tax benefits as irrevocable trusts. Other antonyms for irrevocable trust include temporary trust, changeable trust, variable trust, and modifiable trust. Depending on the situation, a person may choose a revocable or irrevocable trust as part of their estate plan.

What are the antonyms for Irrevocable trust?

Word of the Day

Household Equipment
The term "Household Equipment" refers to all the equipment used domestically or in a household. Antonyms for this word could include "Outdoor gear," which denotes all the equipment...