Trusts created after January 1, 2005 that do not provide that the trust is irrevocable may be revoked or amended by the Settlor (creator of the trust). Very few living trusts are made irrevocable. Ideally the trust instrument should specify that the trust is revocable and amendable if that is the Settlor’s intention. Most trusts used for estate planning purposes are revocable and amendable by their terms.
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