In which of the following does the grantor no longer own the assets of the trust?

Question

Quizplus · Accepted Answer

In an irrevocable living trust, the grantor transfers assets into the trust and relinquishes all rights and control over those assets, effectively removing them from the grantor's ownership. Unlike a revocable trust, the terms of an irrevocable trust generally cannot be changed once it is established, making the transfer of ownership permanent.

In Which of the Following Does the Grantor No Longer