#345 | Does Irrevocable = Unchangeable?

💡 𝗧𝗵𝗶𝗻𝗸 “𝗜𝗿𝗿𝗲𝘃𝗼𝗰𝗮𝗯𝗹𝗲” 𝗠𝗲𝗮𝗻𝘀 𝗜𝘁 𝗖𝗮𝗻’𝘁 𝗕𝗲 𝗖𝗵𝗮𝗻𝗴𝗲𝗱?

You’ve probably heard that an irrevocable trust is set in stone. But is that really the full story?

💬What happens if your family’s needs or circumstances significantly or unpredictably shift over time?💬What if there are crucial changes in the law?💬 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 plans—if you know the right approach.

Before resigning yourself to the idea that you’re 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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If you want to talk more about anything estate planning, elder law or probate related: 

https://zammittilaw.com 

http://yourplanningattorney.com 

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We provide PEACE OF MIND to families through estate planning, elder law and probate matters. 

Our firm rests on three core pillars: 

1. Family protection 

1. Simplicity and efficiency for our clients 

1. Minimizing taxes and spend down of your hard-earned assets 

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 – 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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This podcast is intended for educational purposes only and does not create an attorney-client relationship. 

 

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