Glossary Group: I

Irrevocable Trust

A trust that cannot be terminated or revoked or otherwise modified…

Inventory

A detailed list of a decedent’s assets that is filed…

Intestacy

Occurs when an individual dies without a valid last will…

Interest of a Beneficiary

The right to receive income or principal provided in the terms…

Income

The earnings from principal, such as interest, rental payments, dividends…