There are good reasons a family may consider changing the terms of an irrevocable trust. For instance, maybe there has been a change in a beneficiary’s ability to manage family resources, or perhaps a new trustee was named. Fortunately, “irrevocable” does not necessarily mean set in stone. In this podcast, Jeff Wolken, national director of Delaware Trust Planning for Wilmington Trust Emerald Family Office & Advisory®, discusses several tools available under the law that may enable families to modify irrevocable trusts.
