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Trust Glossary

Irrevocable Trust - A trust that cannot be modified or revoked after its creation. Grantor permanently relinquishes ownership and control of property, usually as a gift to the trust.

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The content in this glossary is general in nature and is intended for informational purposes only. It is not intended to provide specific advice or recommendations for any individual or organization, because the facts and circumstances surrounding each situation differ. Please consult your attorney, tax advisor or other professional advisor for advice on your particular situation.

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