EST2610. But I Thought My Trust Was Irrevocable

Existing irrevocable trusts often lack the needed flexibility to achieve certain goals. This session will explore why clients are interested in modifying trusts, the mechanics and techniques used to modify trusts as well as the tax and fiduciary concerns associated with modifying trusts.

Learning Objectives:

• Identify common reasons why clients want to modify irrevocable trusts.
• Recognize tax considerations in connection with modifying irrevocable trusts.