Irrevocable trusts often can be modified. They can be modified under the Uniform Trust Code or a state law decanting. Read this post by my friend and colleague Steve Hartnett, an estate planning expert, to learn more about how a modification of a trust can help.
Modifying an Irrevocable Trust
Timothy P. Murphy is an estate planning and elder law attorney whose practice emphasizes helping people to build, preserve and pass on their wealth. He works with his clients to accomplish their goals while avoiding unnecessary court proceedings and minimizing or eliminating exposure to death taxes.
Latest posts by Timothy P. Murphy (see all)
- Conservation Easements Can Be a Good Solution - September 24, 2021
- Changing “Irrevocable” Trusts Through Judicial and Nonjudicial Modification - September 22, 2021
- Donor Advised Funds: Too Good to Be True? - September 20, 2021
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