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Webinar Seminar presented by Indiana Bankers Association Partnering with Total TrainingUnderstanding Revocable and Irrevocable Trust Documents
Thursday, March 19, 2015 2:30 a.m. 4:30 p.m. Eastern
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What is understanding revocable and irrevocable?
Understanding revocable and irrevocable refers to the ability of a trustor to modify or revoke the terms of a trust (revocable) or make the terms of the trust permanent and unchangeable (irrevocable).
Who is required to file understanding revocable and irrevocable?
Individuals who have created revocable or irrevocable trusts are required to file understanding revocable and irrevocable.
How to fill out understanding revocable and irrevocable?
Understanding revocable and irrevocable forms can typically be filled out with information regarding the trustor, beneficiaries, terms of the trust, assets held in the trust, etc.
What is the purpose of understanding revocable and irrevocable?
The purpose of understanding revocable and irrevocable is to provide transparency and documentation regarding the terms and assets of a trust for tax and legal purposes.
What information must be reported on understanding revocable and irrevocable?
Information such as the trustor's name, beneficiaries' names, assets held in the trust, terms of the trust, and any modifications or revocations must be reported on understanding revocable and irrevocable forms.
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