#345 | Does Irrevocable = Unchangeable?
๐ก ๐ง๐ต๐ถ๐ป๐ธ โ๐๐ฟ๐ฟ๐ฒ๐๐ผ๐ฐ๐ฎ๐ฏ๐น๐ฒโ ๐ ๐ฒ๐ฎ๐ป๐ ๐๐ ๐๐ฎ๐ปโ๐ ๐๐ฒ ๐๐ต๐ฎ๐ป๐ด๐ฒ๐ฑ?
Youโve probably heard that an irrevocable trust is set in stone. But is that really the full story?
๐ฌWhat happens if your familyโs needs or circumstances significantly or unpredictably shift over time?๐ฌWhat if there are crucial changes in the law?๐ฌ What if the trust, instead of safeguarding your loved ones, inadvertently exposes them to risk?
The good news is that there are ways to amend these seemingly inflexible plansโif you know the right approach.
Before resigning yourself to the idea that youโre stuck with the decisions made years ago, listen to this episode. You might discover your plan has more flexibility than you imagined, especially if it was drafted well to begin with.
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Weโre here to help you learn more! Please comment and let us know if you found this additional knowledge useful to youโฆand plus, it would be awesome if you would SUBSCRIBE too! It would mean a lot to us. ๐
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Our firm rests on three core pillars:
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If you need assistance with estate planning, elder law, or probate matters, we are happy to speak with you. Valerie K. Zammitti is the owner at Zammitti Law, PLLC. She started her firm with one goal โ to help individuals and families protect themselves, their loved ones, and their hard-earned assets thereby finding PEACE OF MIND!
Our informational videos and podcasts will cover topics on revocable living trusts, irrevocable trusts, wills, trusts, incapacity planning, power of attorney, health proxy, living will, asset protect trusts, minimizing tax liabilities, elder law, probate, among many other related topics.
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