Irrevocable Trust

Definitie

An irrevocable trust is a trust that generally cannot be amended or revoked by the settlor once established. This provides stronger asset protection and may offer tax advantages, but removes the settlor's direct control over the assets.

Context

Deze term wordt veelvuldig gebruikt in de context van trustadministratie in Zwitserland. Het begrijpen van dit concept is essentieel voor internationale families, ondernemers en juridische professionals die truststructuren geadministreerd vanuit Zwitserland overwegen of beheren.

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