Pursuing Changes To Irrevocable Trusts

Part of what makes an irrevocable trust a safe option for estate planning is how permanent it can be. Despite your best planning when protecting your assets and tax needs, life can change, and so can your needs with an irrevocable trust. Trying to change one of these trusts in California is difficult, but possible with the help of a skilled estate planning law firm.

At Morrill Law in Walnut Creek, we understand the specific legal procedures that must be followed to address the evolving needs of the beneficiaries or the intent of the grantor. Our seasoned attorneys are well-versed in the complexities of the California probate code, and we can guide you through the legal intricacies of modifying or terminating an irrevocable trust.

Legal Grounds For Modifying Or Terminating Irrevocable Trusts

California law provides allows opportunities to change irrevocable trusts under certain conditions. Probate Code §15404(a) permits modification or termination of a trust if the grantor and all beneficiaries consent in writing. This is often the fastest and easiest course to modify an irrevocable trust.

When unanimous consent is unattainable, Probate Code §15404(b) allows consenting parties to petition the court for modification or termination, as long as the changes do not significantly change things for any of the nonconsenting beneficiaries. In these cases, our lawyers can present your case to a court to pursue the option you are seeking.

Choosing to end or change an irrevocable trust is a major decision. Our attorneys are here to provide you with the counsel you need to navigate this process by reviewing the proposed changes and guiding you through the steps of changing things. Whether you need to update your beneficiaries, change a trustee or address asset adjustments, we are here to help you achieve your goals.

Pursue Trust Modifications With Morrill Law

If you are looking to change your irrevocable trust, let us help prepare you for the process. Call us at 925-255-0633 or email us here to schedule your initial consultation today. The sooner you contact our lawyers, the sooner we can seek the outcome you deserve.