revocable trust — see trust Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. revocable trust … Law dictionary
revocable trust — A trust that may altered as many times as desired in which income producing property passes directly to the beneficiaries at the time of the grantor s death. Since the arrangement can be altered at any time, the assets are considered part of the… … Financial and business terms
revocable trust — /ˌrevəkəb(ə)l trʌst/ noun a trust which can be changed or revoked … Dictionary of banking and finance
trust — n 1 a: a fiduciary relationship in which one party holds legal title to another s property for the benefit of a party who holds equitable title to the property b: an entity resulting from the establishment of such a relationship see also… … Law dictionary
Trust (Recht) — Ein Trust ist im juristischen Sinn eine von einer Person unter Lebenden[1] oder für den Todesfall[2] geschaffenen Rechtsbeziehung,[3] wenn Vermögen zugunsten eines Begünstigten oder für einen bestimmten Zweck abgesondert und der gebundenen… … Deutsch Wikipedia
trust — A legal entity created by a grantor for the benefit of designated beneficiaries under the laws of the state and the valid trust instrument. The trustee holds a fiduciary responsibility to manage the trust s corpus assets and income for the… … Black's law dictionary
Trust law — In common law legal systems, a trust is an arrangement whereby property (including real, tangible and intangible) is managed by one person (or persons, or organizations) for the benefit of another. A trust is created by a settlor, who entrusts… … Wikipedia
Trust company — A trust company is a corporation, especially a commercial bank, organized to perform the fiduciary functions of trusts and agencies. It is normally owned by one of three types of structures: an independent partnership, a bank or a law firm, each… … Wikipedia
revocable — Susceptible of being revoked, withdrawn or cancelled; e.g. revocable letter of credit @ revocable credit A credit which can be withdrawn or cancelled before its expiration date and without the consent of the person in whose favor it was drawn.… … Black's law dictionary
revocable living trust — A trust set up during life that can be revoked at any time before death. Revocable living trusts are a common and excellent way to avoid the cost and hassle of probate, because the property held in the trust during life passes directly to the… … Law dictionary
