Revocable Trust

Definitie

A revocable trust is a trust that can be amended or terminated by the settlor during their lifetime. While offering flexibility, revocable trusts typically provide less asset protection than irrevocable trusts.

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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