What Happens to an Irrevocable Trust When the Grantor Dies?
A trust is nothing more than a contract, a legal agreement where one party (the “trustee”) agrees to hold the legal title to assets and manage them for the benefit of others (the “beneficiaries”). Some trusts are “revocable,” which means that the trustmaker (sometimes called the “grantor,” “creator” or “settlor”) can modify or revoke the […]
What Happens to an Irrevocable Trust When the Grantor Dies? Read More »