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.

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

• Has this property been transferred to a trust?If yes, is the trust: Revocable Irrevocable21.

• For Revocable and Living Trust Accounts, the individual establishing the Trust (the "Settlor") must be a member of the Credit Union and any withdrawal of Trust Account funds will be deemed a revocation of the Trust to the extent of any such withdrawal unless otherwise provided for in the Trust documentation.

• Revocable trust accounts and irrevocable trust accounts are established as Personal Accounts.

• This Trust shall be known as the “___________________ Revocable Living Trust” hereinafter known as the “Trust” and ☐ is ☐ is not an amendment to a prior Living Trust.

• This Trust shall be known as the “ Revocable Living Trust” hereinafter known as the “Trust” and ☐ is ☐ is not an amendment to a prior Living Trust.

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 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 the settlor without the consent of the trustee

Revocable. , as applied to a trust, means revocable

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