What is a trust modification?

A trust modification is a legal document that changes the terms of an existing trust. It can be used to alter how assets are distributed after the death of a grantor, or person who created the trust. In Washington, a trust modification must be in writing and signed by all interested parties, including the grantor and all of the beneficiaries. It must also be approved by the court. Trust modifications can be used to alter a wide range of details in an existing trust, such as the distribution of assets or the removal of beneficiaries. In addition to trust modifications, a trust can also be completely revoked. This allows the grantor to completely undo the trust, which must also be approved by the court. Revoking a trust involves many of the same steps as modifying it, such as getting all interested parties to sign off on the change. Trust modifications and revocations can be useful ways to keep an existing trust in line with the grantor’s wishes. It is important to seek the advice of an experienced estate planning lawyer if you are considering making a change to your trust. This will ensure that the modification or revocation is done properly, protecting the interests of the grantor and beneficiaries.

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