Irrevocable trust in economics and finance

5K views 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