Revocable definition

Revocable as applied to a trust, means revocable by the settlor without the consent of the trustee or a person holding an adverse interest.

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Revocable means, with respect to a disposition, appointment, provision, or nomination, one under which the divorced individual, at the time of the divorce or annulment, was alone empowered, by law or under the governing instrument, to cancel the designation in favor of his or her former spouse or former spouse's relative, whether or not the divorced individual was then empowered to designate himself or herself in place of his or her former spouse or in place of his or her former spouse's relative and whether or not the divorced individual then had the capacity to exercise the power.

Revocable means, with respect to a disposition, appointment, provision, or nomination, one under which the decedent, at the time of or immediately before death, was alone empowered, by law or under the governing instrument, to cancel the designation in favor of the killer or felon, whether or not the decedent was then empowered to designate himself or herself in place of his or her killer or felon and whether or not the decedent then had the capacity to exercise the power.

Examples of Revocable in a sentence

Our trustee, in our trustee's absolute discretion, may distribute all or any part of the income and principal of this trust to, or may merge any trust created under this We, ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ("Settlors"), residents of Rockwall County, Texas, enter into this trust agreement, which creates a trust to be known as The ▇▇▇▇▇▇▇▇ Revocable Living Trust ("this trust"), for the purposes and subject to the provisions described below.
Driver Family Revocable Trust, ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇.
Such demand must be made by the trustee(s) as indicated on the Membership Card for Revocable Trust Account.
The Trustees shall pay to the Grantor’s spouse or to an appropriate marital trust such portion of any life insurance proceeds payable to the Trustees as the Personal Representatives certify to be the amount necessary to satisfy any marital bequest under the Will or Revocable Trust; provided, however, that no such insurance proceeds shall be paid over if they are not includible in the Grantor’s gross estate for federal estate tax purposes.
Any trustee for a trust who signs a Membership Card for Revocable Trust Account acknowledges and understands the trustee’s legal obligations as a fiduciary and as more fully set forth in the Michigan Estates and Protected Individuals Code.

More Definitions of Revocable

Revocable as applied to a trust, means revocable by the settlor

Revocable as applied to a trust, means revocable by the settlor without the consent of the trustee

Revocable. , as applied to a trust, means revocable by the settlor without the consent of the trustee or a person holding an adverse interest. A trust's characterization as revocable is not affected by the settlor's lack of capacity to exercise the power of revocation, regardless of whether an agent of the settlor under a durable power of attorney, a conservator of the settlor, or a plenary guardian of the settlor is serving.

Revocable. , as applied to a trust, means revocable by

Revocable as applied to a trust, means revocable by the settlor without the

Revocable as applied to a trust, means that the trust can be revoked by the settlor without the consent of the trustee or a person holding an adverse interest, regardless of whether the set- tlor is incapacitated.

Revocable. , as applied to a trust, means that the settlor has the legal power