What is an Irrevocable Trust?
In contrast to a revocable trust, an irrevocable trust is one in which the terms of the trust cannot be amended or revised until the terms or purposes of the trust have been completed. This may help ensure that your wishes and instructions for the management of your estate are carried out completely. No person (even you) will be allowed to alter or modify the terms of the trust so you can be sure that your interests will continue being served. Although in rare cases, a court may change the terms of the trust due to unexpected changes in circumstances that make the trust uneconomical or unwieldy to administer, under normal circumstances an irrevocable trust may not be changed by the trustee or the beneficiaries of the trust. Many living trusts (which are revocable during life) become irrevocable after death. Our attorneys at Sagaria Law are experienced in estate law and will advise you on how to make sure your trust and interests will be protected from modifications.