irrevocable trust

Definition of "irrevocable trust"
  1. A permanent trust that, once established, cannot be revoked, altered, or modified
How to use "irrevocable trust" in a sentence
  1. The wealthy family set up an irrevocable trust to ensure their fortune would be preserved for future generations.
  2. In order to protect his assets, he placed them in an irrevocable trust.
  3. She transferred her estate into an irrevocable trust to avoid estate taxes upon her death.
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