The Listen to Lawrence Letter: Changing your mind about an Irrevocable Trust

CLIENT QUESTION:

If one has an irrevocable Medicaid trust that they no longer like, can they

make a new one that would revoke that irrevocable trust at a later day

after the new one is 5 years old?

MY RESPONSE:

If I answered this one thoroughly, we would be here all day. Suffice it to

say that you may be able to change SOME of the terms of the trust, SOMETIMES. 😊

To properly answer this question, I would need more facts…so it is time for

a consultation! The bottom line is that there is much that we can alter or

revoke under the proper circumstances.

And, if anyone you know would like to

receive this Listen to Lawrence Letter just

tell them to send their email address to info@davidowlaw.com and I’ll add them to the list!

As always, please send your questions in! If you are thinking about it, others are probably too, so my answers will no doubt help you and many others.

Let’s stay connected. Stay safe!