Common use of Type of Trust Clause in Contracts

Type of Trust. 🞎 Personal Trust 🞎 Business Trust 🞎 The trust is irrevocable. It cannot be amended or revoked, in whole or in part, by the settlor(s). 🞎 The trust is revocable. It can be amended or revoked, in whole or in part, by the settlor(s).

Appears in 2 contracts

Sources: Verification of Trust Agreement for Administration of Life Insurance Policy, Verification of Trust Agreement for Administration of Life Insurance Policy