Document background
The Revocable Trust Agreement is a fundamental estate planning tool under Irish law, designed to provide flexibility in asset management while maintaining control during the settlor's lifetime. This document is typically used when individuals or entities wish to create a structured arrangement for asset management and distribution while retaining the ability to modify or revoke the trust. It encompasses detailed provisions for trust administration, asset management, beneficiary distributions, and trustee duties, all compliant with Irish trust law requirements. The agreement is particularly valuable for those seeking to establish clear succession planning, maintain privacy in asset transfers, and potentially minimize estate administration costs, while ensuring compliance with Irish regulatory and tax requirements.
