Category: Trust Challenges

How to Dissolve an Irrevocable Trust

Tue Apr 30, 2019 | Trust Challenges |

There are two main types of trusts: revocable trusts and irrevocable trusts. By their title, one could be forgiven for assuming that a “revocable” trust, as its name would imply, is changeable, and that an “irrevocable” trust, also as its name would imply, cannot be changed. As with many legal […]

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Understanding the Two Types of Special Needs Trusts

Thu Feb 28, 2019 | Trust Challenges |

Individuals with special needs — such as those who are disabled, chronically ill, or suffer from a mental illness — often are unable to provide for themselves the same way that others can. When that is the case, the government provides financial assistance through various programs, such as Supplemental Security […]

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How to Remove a Trustee

Mon Dec 17, 2018 | Trust Challenges |

A trust is administered by a trustee — a person selected by the settlor (the person who creates the trust) to administer the trust’s assets for the benefit of the trust’s beneficiaries. Because the settlor specially selected the named trustee to fulfill that role, the text of the trust instrument […]

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