Can I Revoke a Trust?
Yes. During your lifetime you can and, in most case, it is preferable that you create a revocable or modifiable trust. On your death, you can have your trust made irrevocable, meaning that no changes to the trust can be made after your death. This protects someone or a Court from changing your intent or instructions after you have passed away.
As an example, suppose you have a child with your spouse and then you unexpectedly die. You want your child to have the financial protection of your life insurance to assist him or her in the future. If your spouse remarried, you do not have to worry about the remarriage influencing the trustee. Your trust can be made irrevocable and the trust designed to aid your child through school financially.
Call us to consult on your needs in a trust at 1 (888) 752-7474 or Contact Us online.