What Are Some Limitations of Irrevocable Trusts?

The very feature that makes these trusts attractive, the inability to alter their terms, can also be a limitation. Once an irrevocable trust is established and funded, the Grantor cannot usually change the terms of the trust or regain ownership of the assets. This rigidity may prove challenging if personal or financial circumstances change. The process of establishing and administering an irrevocable trust is also complex and requires expert legal and financial guidance.

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

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