Full question:
My grandpa left me an irrevocable trust. How could my aunt change it? I received his part when my dad died but he left an identical one to be distributed upon the death of his wife. A few months before grandma died my aunt had it changed somehow. I got nothing. We are talking at least $500,000.00. I got $160,000.00 when dad died. It had been collecting interest for 10 years when grandma died, but then nothing. The man at the bank said it was recently changed. Is this possible? Please provide definition of irrevocable.
- Category: Trusts
- Date:
- State: Wisconsin
Answer:
An irrevocable trust is a type of trust that cannot be changed or amended, except through a court order, which is often difficult to obtain. While the assets in the trust can still be managed—such as being sold, purchased, or generating payments to beneficiaries—its fundamental terms remain fixed.
If your aunt changed the trust before your grandmother's death, it may have been done improperly or without proper authority. I recommend consulting with a local attorney who can review the trust documents and the specific circumstances to determine your options.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.