Can a trust be changed or terminated?

 

Transcript:

00:00:00

Whether a trust can be changed or terminated depends on whether that trust is revocable or irrevocable in nature. A revocable living trust can be modified or revoked by the trust maker at any time as the name suggests whereas an irrevocable trust those are more difficult to change. They can be modified um in a certain set of circumstances. They can be modified by court approval. the unanimous consent of all the beneficiaries. Um, if you’ve provided for a trust protector in that document, they can amend the trust as

00:00:38

well. Um, and provided that state law permits this, you can also decant a trust, an irrevocable trust into a new trust.

This transcript was auto-populated.