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fibo-be-tr-tr:IrrevocableTrust

URI

https://spec.edmcouncil.org/fibo/ontology/BE/Trusts/Trusts/IrrevocableTrust

Label

irrevocable trust

Description

trust that cannot be modified, amended or terminated except under certain legal circumstances and typically not without the permission of the grantor's named beneficiary or beneficiaries

Superclasses (4)

Usage

Instances of fibo-be-tr-tr:IrrevocableTrust can have the following properties:

PROPERTYTYPEDESCRIPTIONRANGE

Implementation

@prefix cmns-av: <https://www.omg.org/spec/Commons/AnnotationVocabulary/> .
@prefix fibo-be-tr-tr: <https://spec.edmcouncil.org/fibo/ontology/BE/Trusts/Trusts/> .
@prefix owl: <http://www.w3.org/2002/07/owl#> .
@prefix rdfs: <http://www.w3.org/2000/01/rdf-schema#> .
@prefix skos: <http://www.w3.org/2004/02/skos/core#> .

fibo-be-tr-tr:IrrevocableTrust a owl:Class ;
    rdfs:label "irrevocable trust" ;
    rdfs:isDefinedBy fibo-be-tr-tr: ;
    rdfs:subClassOf fibo-be-tr-tr:Trust ;
    skos:definition "trust that cannot be modified, amended or terminated except under certain legal circumstances and typically not without the permission of the grantor's named beneficiary or beneficiaries" ;
    cmns-av:explanatoryNote "Irrevocable trusts also offer asset protection from future creditors and lawsuits." .