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When trust becomes irrevocable

If the trust has two grantors (husband and wife) and one of the grantors dies, is the trust still revocable until the second grantor dies?

Whether the trust becomes irrevocable upon the death of one of the grantors is something that would be determined by the provisions of the specific trust agreement. You will want to be sure that whatever documentation you get specifies when (or upon what conditions) the trust becomes irrevocable.
Learn more about Mary Beth Guard’s webinar
Common Issues and Errors with Living Trust Accounts

First published on 10/07/2018

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