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Click on the first letter of the word from the list above to go to the
appropriate section of the glossary.
-I-
Irrevocable Trust: A trust that is not amendable or revocable by the grantor. Normally created during a grantor’s lifetime.
Inheritance tax: A tax levied on the estate of a decedent.
Intangible property: Property that represents only real value (i.e. bank accounts or promissory notes).
Irrevocable trust: A trust that cannot be changed after it has been established.
