Irrevocable Trust

Irrevocable trust – means a trust in which the grantor has expressly not retained the right to terminate or revoke the trust and reclaim the trust principal and income. Policy regarding this term is located at: SoonerCare (Medicaid): 317:35-5-41.2. Miscellaneous Personal property; 317:35-5-41.6. Trust accounts; 317:35-5-41.7. Retirement funds; and 317:35-5-41.8. Eligibility regarding long-term care services. […]