# Irrevocable Trust

**IRI:** https://folio.openlegalstandard.org/R9zlhNDQcVYtcL9SV06E9ts

## Labels

## Definition

An Irrevocable Trust is a legal entity that, once established, cannot be altered, amended, or revoked by the grantor without the consent of the beneficiaries. Assets transferred into this trust are permanently removed from the grantor's estate, offering potential tax benefits and protection from creditors.

## Sub Class Of

- https://folio.openlegalstandard.org/R9KvzcwdZ3asqh9BPZRGWR7

**Deprecated:** False