Irrevocable Trusts Aren’t Always Set in Stone

• Understanding Trusts:

  • Trusts are categorized as either revocable or irrevocable.

  • Revocable trusts offer full flexibility—you can modify, amend, or rewrite them during your lifetime.

  • Irrevocable trusts are traditionally considered unchangeable, but that's not entirely true today.

• Ways to Change an Irrevocable Trust:

  1. Mutual Agreement:

     • If the trustee and all ben…