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Revisionary trust

Irrevocable Trust that becomes a Revocable trust after a specified period of time or upon the death of the Grantor. For the period that the Trust is Irrevocable, the donor does not include it as part of his/her estate when reporting taxes.

Related Terms: 10 Cable, CLU, ECI, Grantor, Inc., Irrevocable, Revocable trust, Repo, Tax, Trust
Other Related Pages: Category: Law_and_Estate_Planning Starting With: R
Semi Related Terms: 493 CLICK HERE TO VIEW
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