Revisionary Trust

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Definition: Revisionary Trust

Revisionary Trust
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Full Definition of Revisionary Trust

Irrevocable trust that becomes a revocable trust after a specified period of time or upon the death of the grantor. For the period that the trust is irrevocable, the donor does not include it as part of his/her estate when reporting taxes.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

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https://payrollheaven.com/define/revisionary-trust/
Modern Language Association (MLA):
Revisionary Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
March 13, 2025 https://payrollheaven.com/define/revisionary-trust/.
Chicago Manual of Style (CMS):
Revisionary Trust. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/revisionary-trust/ (accessed: March 13, 2025).
American Psychological Association (APA):
Revisionary Trust. PayrollHeaven.com. Retrieved March 13, 2025
, from PayrollHeaven.com website: https://payrollheaven.com/define/revisionary-trust/

Definition Sources

Definitions for Revisionary Trust are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 16th November, 2021 | 0 Views.