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Living trusts is usually revocable or irrevocable. Testamentary trusts are usually irrevocable the moment established but is usually revocable by way of a will In case the grantor remains alive.
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[countable, uncountable] (law) an arrangement by which a company or a group of individuals has legal Charge of revenue or property which has been given to any person, ordinarily until that person reaches a particular age; an amount of money or house that is certainly controlled in this way
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