Exchange Currency

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 information about revisionary trust:
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  5. define revisionary trust - Bing DICTIONARY
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  8. Revocable Trust: Definition from Answers.com
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