Can I change an irrevocable trust?
An example of an AI chatbot conversation about changing an irrevocable trust.
Can I change an irrevocable trust once it's been established?
Generally, irrevocable trusts cannot be changed. However, there are some exceptions depending on the trust terms.
What if the beneficiaries agree to the changes?
If all beneficiaries agree, you might be able to modify the trust through a court petition or by creating a new trust.
Are there any specific legal processes I need to follow?
Yes, you typically need to file a petition with the court and provide valid reasons for the changes.
What happens if I want to dissolve the trust?
Dissolving an irrevocable trust can be complex and usually requires court approval, especially if it benefits the beneficiaries.
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