When does a revocable trust become irrevocable?

 In Elder Law, Estate Planning

The irrevocable trust is a trust that, once signed by the settlor or trust creator, is intended to be permanent.

However, just because the trust cannot be revoked following its signature does not mean the trust cannot ever be changed in response to new circumstances. The Florida Trust Code provides for modification of irrevocable trusts in certain situations if all requirements are met.

Though most estate planning trusts are devised as revocable trusts, these trusts become irrevocable upon the death of the trustee. These revocable trusts may be formally amended by the settlor while the settlor is living and has the capacity to make the changes.



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