Description: Revocable definition is - capable of being revoked. How to use revocable in a sentence.
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Description: A revocable living trust becomes irrevocable when the grantor dies because the grantor is no longer available to make changes to it, but a revocable trust can be designed to break into separate irrevocable trusts at the time of the grantor's death for the benefit of children or other beneficiaries.
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Description: Revocable definition, that may be revoked. See more.
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Description: Define revocable. revocable synonyms, revocable pronunciation, revocable translation, English dictionary definition of revocable. also re·vok·a·ble adj. Capable of being revoked: a revocable order; a revocable vote.
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Description: A revocable trust is helpful since it provides flexibility and income to the living grantor (also called the trustor). Provisions of the trust can be changed, and the estate will be transferred to ...
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Description: A revocable trust is one that can be changed, amended, or even revoked (terminated) by the Trustor at any time before his death. This may include such changes as adding or removing assets, adding or removing beneficiaries, and changing Trustee. To explore this concept, consider the following revocable trust definition. ...
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Description: A revocable beneficiary is the opposite of an irrevocable beneficiary. The latter has guaranteed rights to an insurance policy's payouts unless they agree to their removal from the policy as a ...
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Description: revocable definition: a revocable agreement can be made no longer effective if a situation changes: . Learn more.
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