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Who owns the assets in an irrevocable trust? The grantor transfers all ownership of assets into the trust and legally removes all of their ownership rights to the assets and the trust. Living and testamentary trusts are two types of irrevocable trusts. I am lookIng for amazing trust lawyer nearby 92880. What are the four must have documents? Will.Revocable Trust.Financial Power of Attorney.Durable Power of Attorney for Healthcare. After you pass away, a successor trustee takes over management of the assets and can begin distributing them to the heirs or taking other actions directed in the trust agreement.


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