3 Examples of When an Irrevocable Trust Can – and Should – Be Modified

If you didn’t know that irrevocable trusts can be modified, you’re not alone. However, the truth is that changes in the law, family, trustees, and finances sometimes frustrate the trust maker’s original intent. Or, sometimes, an error in the trust document itself is identified. When this happens, it’s wise to consider trust modification, even if that trust is irrevocable. Read More

10 Types of Trusts: A Quick Look

Considering the myriad of trusts available, creating an estate plan that works can seem daunting.  However, as business and estate planning attorneys, that’s what we do every day. For each of our clients, we design a plan which addresses their specific situation.

Here’s a look at the basics of ten common types of trusts used in estate planning to provide you with a general understanding. Read More

3 Reasons an Irrevocable Trust Should be Modified

Many people believe that an irrevocable trust cannot be modified. However, changes in the law, family, trustees, and finances sometimes frustrate the trust maker’s original intent. Sometimes an error in the trust document itself is identified. When this happens, it makes sense to consider trust modifications, even when the trust is irrevocable. Here are three examples of when an irrevocable trust can, and should, be modified or terminated. Read More