Irrevocable Something that is not possible to revoke or retract, cannot be undone Where a will is concerned wills are not irrevocable, a new will always replaces the old one, however if it is a joint will by both spouses the old will upon the death of one of the couple becomes irrevocable.. Essentialy if one dies the other cannot rewrite the will and ignore the wishes of the other.
Yes
Yes
Absolutely....All one needs is to be the trustee of the irrevocable trust, have a Tax Identification number for the trust, and all documents for the estate, investments, shares, and accounts you are planning to transfer into the Trust account.
The Trust does and it becomes a deduction on the Trust's tax return.
whatdoes the word unaccountable mean
The term irrevocable can be describes as something that cannot be reversed or revoked. The word irrevocable has be used to describe ones love for another or commitment.
At least in British English, it is the second syllable: irrEvocable.
The phrase "crossing the Rubicon" has come to mean an irrevocable move, something you cannot take back.
Irrevo.
the bed is irrevocalble
irrevocable
The word means something that cannot be revoked-- such as a law, or a decision. In other words, once it is made, it is final: The sentence the judge gave to the criminal was irrevocable. The group asked that no irrevocable changes be made to the downtown area.
Merriam-Webster defines the word irrevocable incapable of being revoked (undo, or change) or recalled; that which cannot repaired or recalled; irreversible; permanent
Not possible to undo or take back.
Certain, fixed, unchangeable, permanent, indelible, established, constant...
Generally, an irrevocable trust is titled 'irrevocable' or is designated as such somewhere in the first few paragraphs.
In the context of a bank or checking account, "irrevocable" means that the actions or decisions associated with the account cannot be undone or reversed. For example, if a transaction or transfer is marked as irrevocable, it cannot be cancelled or revoked once it has been initiated. This term is used to indicate that the action is final and cannot be changed.