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questions and answers about trusts - TreasuryDirect


The trustee may be an individual or a corporation. ... The grantor, trustee, and beneficiary may be the same person, but as far as the trust is concerned, they ... Personal trusts are further divided into either 1) Under Declaration of Trust (U/D/T ) meaning the ... irrevocable trust is one that the grantor may not rescind or cancel .

What Does UAD Mean? - Trust Agreement And Wills


Jun 28, 2016 ... It stands for “under agreement dated” and it appears in trust instruments – their ... A revocable trust is one that can be changed at any time by the grantor – the individual who formed it. ... Someone else, either an individual or a financial institution, serves as trustee. .... 2016 About, Inc. — All rights reserved.

Revocable Trust Definition | Investopedia


During the life of the trust, income earned is distributed to the grantor, and only after death does property transfer to the beneficiaries. Also referred to as a " revocable living trust". ... Depending on the trust's directions, the trustee, or holder of the assets, ... Here's how setting up a revocable trust while yo...

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What Does UDT Stand for in a Trust? | Chron.com


As the owner of a small business, you may encounter a trust agreement, ... In the trust agreement, the grantor names a person, known as the trustee, to take possession ... UDT is an abbreviation for “under declaration of trust,” which is the legal ... This type of arrangement, known as a revocable trust, has several drawbacks.

Irrevocable Trust Definition | Investopedia


The grantor, having transferred assets into the trust, effectively removes all of ... This is the opposite of a "revocable trust," which allows the grantor to modify the trust. ... the grantor can't receive these benefits if he or she is the trustee of the trust. ... Here's how setting up a revocable trust while you'...