Irrevocable trust in economics and finance
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Feb 4, 2024
Before we dive into the specifics of irrevocable trust, let's first understand the broader concept of trusts in the world of finance. A trust is a legal arrangement where a person, known as the grantor, transfers their assets to a trustee, who manages and distributes them to the beneficiaries. Trusts are commonly used for estate planning, wealth preservation, and charitable purposes. Now, let's focus on the unique characteristics of irrevocable trusts.
#Business Finance
#Economics
#Financial Planning & Management
#Inheritance & Estate Planning
#Investing
#Real Estate Investment Trusts
#Socially Responsible Investing