Can I Amend or Change My Trust?
Channel: Esquire Group
Date: 2023-05-26

n this video, we discuss an important concern for high-net-worth individuals who have established trusts: the ability to amend or change their trust. Many individuals worry that their trust may be inflexible, leaving them stuck with its terms indefinitely. We explore various scenarios where trust modification might be desired, such as adding a spouse, excluding a troubled family member, or supporting a charitable cause.

The amenability of a trust to amendment depends on the trust agreement itself. Some trusts are designed to be unchangeable, while others allow for modifications. We delve into the importance of reviewing the trust agreement to determine whether it permits amendments and identify the parties with the power to make such changes.

Want to know more DOWNLOAD the guide TRUSTS AND FOUNDATIONS

▶️ https://esquiregroup.com/trusts-foundations-guide/

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Hi! I am Jimmy Sexton, LL.M. – Founder & CEO of Esquire Group. I founded Esquire Group with the objective of helping and inspiring wealthy families, investors, entrepreneurs, and high-level executives obtain and gain control over and protect their wealth, via strategic wealth planning. 

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--------------------------------------------------DISCLAIMER--------------------------------------------------------
This video is prepared for educational purposes only. This video is not legal, tax or any other type of advice. Each individuals’ circumstances are different, you should seek legal and/or tax advice to address your specific situation and any questions you may have.