Revisionary trust

Irrevocable Trust that becomes a Revocable trust after a specified period of time or upon the death of the Grantor. For the period that the Trust is Irrevocable, the donor does not include it as part of his/her estate when reporting taxes.

Related Terms: 10 Cable, CLU, ECI, Grantor, Inc., Irrevocable, Revocable trust, Repo, Tax, Trust

Other Related Pages: Category: Law_and_Estate_Planning Starting With: R

Additional Related Terms: Allowance for depreciation, Average collection period, Above par, Accrual of discount, After-tax basis, Amortization of premium, At par, All or any part, At best, At call