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Modifying Irrevocable Trusts
Modifying Irrevocable Trusts

My grandmother set up a trust of which I am a beneficiary. She has passed away and I am told the trust can’t be changed. There are provisions in the trust that do need to be modified. Is that possible? Yes. A revocable living trust usually becomes irrevocable at the death of ...

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  • Modifying Irrevocable Trusts

    My grandmother set up a trust of which I am a beneficiary. She has passed away and I am told the trust can’t be changed. There are provisions in the trust that do need to be modified. Is that ...

    Read More
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    Effective January 1, 2018, the new federal estate tax exemption amount was increased to $11,200,000 per person. That means a husband and wife can leave combined assets of $22,400,000 without paying ...

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    Yes. On January 1, 2018, the amount of what’s called the annual exclusion amount from gift taxes was increased to $15,000. There is no problem with you giving up to $15,000 to any one individual in ...

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    What is the purpose of a Trust? There are numerous types of trusts. One type is a Trust for minor children. This type of trust is usually created in a person’s will and is effective only if the ...

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