What Family Lawyers Must Know About Modifying “Irrevocable” Trust Provisions

Sharon L. Klein |
Wealth Planning
A group of professionals having a meeting.

When irrevocable trusts are drafted in happier times, and then times change, is it possible to reduce or even eliminate the interest of an ex-spouse or soon to be ex-spouse? Trustees potentially have access to powerful tools that might change beneficial interests. Indeed, it might be said that there is no such thing as an “irrevocable” trust. In any event, family law practitioners should counsel clients to investigate the options.