Irrevocable trusts often can be modified. They can be modified under the Uniform Trust Code or a state law decanting. While these modifications may be determinative of the state law consequences, they may not determine federal tax consequences. Read on to learn more.
Consequences of Modifying an Irrevocable Trust
Amy Nowaczyk is a partner at O’Drobinak & Nowaczyk, P.C. Amy’s background in psychology and law have given her a unique perspective on estate planning and elder law issues. Her education and experience have enabled her to identify the needs of her clients in order to create customized estate plans that help her clients avoid probate, control the distribution of their estate, and protect their assets from the high cost of long term nursing care. Read More!
Latest posts by Amy Nowaczyk (see all)
- Can the Trustee Change an Irrevocable Trust? - October 8, 2025
- Inheritance Planning Missteps: How to Steer Clear of Common Pitfalls - February 7, 2024
- Navigating Long-Term Care for Seniors: 10 Key Insights - February 2, 2024
