Can the beneficiaries of an irrevocable trust be changed?
If you've heard the word "irrevocable" used to describe a trust, you probably assumed that meant exactly what it sounds like — permanent, locked in, impossible to change. No exceptions. So what happens when someone tells you the beneficiaries of an irrevocable trust actually can be changed? Your first reaction might be: wait, isn't that the whole point of calling it irrevocable? Here's the truth — the name is a little misleading, and understanding why matters a lot if you're
7 hours ago4 min read