An Irrevocable Trust Cannot Be Changed or Undone by the Grantor

question 25

True/False

An irrevocable trust cannot be changed or undone by the grantor during his or her lifetime.

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Definitions:

Perceptual Hypotheses

Assumptions or inferences that individuals make about the environment based on incomplete sensory information to interpret what they perceive.

Bottom-Up Processing

An approach to processing information that starts with small details and works up to a comprehensive picture.

Figure And Ground

A principle of visual perception that denotes how objects (figure) stand out from their background (ground).

Bottom-Up Processing

An approach to information processing that starts with the sensory input and builds up to the final representation in the mind.