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Irrevocable Form

Irrevocable Form

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What makes the washington state trust law legally valid?

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Instructions and help about irrevocable spendthrift trust

a trust is a legal document that acts like a bucket to hold assets and contain a set of rules and instructions the person in charge of that bucket is called the trustee there are several types of trusts such as a revocable trust an irrevocable trust a pet trust a charitable remainder trust and more an irrevocable trust is a type of trust that cannot be modified amended or terminated without the permission of the grantor's beneficiary or beneficiaries the grantor can give assets to the irrevocable trust doing this makes the irrevocable trust the owner of the assets and removes the grantor as the owner of those assets the assets no longer belong to the grantor from attacks estate recovery and medicaid perspective allowing for advanced estate planning techniques irrevocable trusts are complicated and should be created by a professional all forms of trusts are important asset planning and protection tools that have their specific place for more information on wills or trusts contac

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