Can You Break an Irrevocable Trust?

Irrevocable trusts are powerful tools for long-term care planning and asset protection, but what happens when you need to access those locked-away assets?

Our latest article, Can You Break an Irrevocable Trust?, dives deep into the options available if you find yourself in this situation. Learn about key topics like:

• The strict limitations on accessing the trust principal

• The grantor's rights to trust income

• Pros and cons of adding a gifting provision to your trust

• Revoking a trust – Full or partial

• Changing the trust investment objective to generate more income for the grantor

• Tax trap of realized gains within grantor irrevocable trusts

Whether you’re planning your estate, serving as a trustee, or navigating Medicaid rules, this comprehensive guide is packed with expert insights you shouldn’t miss.