Results for: Irrevocable-trust

Can you change domicile of an irrevocable trust?

  An irrevocable trust cannot be amended. An example of this is an Oklahoma case in which the Tax Commission could tax a trust created in Oklahoma as a resident domiciled (MORE)

Can the funds in an Irrevocable Trust be garnished?

  Irrevocable Trust Funds   The short answer is NO, no way, no how, not a chance. The long answer is how long ago was the irrevocable trust fund set up? And did the p (MORE)
In Estates

What is a irrevocable trust MIDGET?

  A MIDGET trust is a Medicaid Intentionally Defective Grantor Trust. Done "right", an irrevoccable trust will either pay taxes as its own independently existing entity, o (MORE)
In Estates

What is the purpose of an irrevocable living trust?

Generally, an irrevocable living trust is created in order to transfer assets from a parent's estate to the trust in order to avoid inheritance taxes on the parent's estate, p (MORE)

How does a person get an irrevocable funeral trust?

Setting up an Irrevocable Funeral Trust Final Expense plan can now be done by attorneys, financial planners, insurance agents and funeral consultants. With the funeral trust (MORE)

Can a irrevocable trust be amended or can it be changed?

There are limited circumstances that allow an irrevocable trust to  be amended and laws vary:    The trustor can write that power into the trust document.   The tru (MORE)