Legalese Dictionary

Browse the A - Z Index

Definition for: "Revocable Trust"

A cancelable arrangement created by a person ("Grantor"), whereby the Grantor transfers property to a trustee to be held for the benefit of the Grantor while alive, then distributed to named beneficiaries.

© Copyright 2024 Untagged Limited. - Legalese.co.uk - This domain and website are for sale.