The Florida Trust Code provides general reasons that would justify someone seeking a judicial modification to an irrevocable trust. Some of the primary reasons for modification by a court include:
- Unexpected events that were not anticipated during the creation of the trust that would interfere with the goals of the trust.
- The goals and purposes of the trust have been met or they can no longer practically be completed.
- The trust no longer serves the best interests of the beneficiaries.
- The rules of the trust have made its management impractical under its current terms and must be altered to further its efficient administration.
To explore your options for changing an irrevocable trust through a judicial modification, contact Bach, Jacobs, & Byrne at (941) 906-1231.
