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Estate Planning >> Trusts & Living Trusts >> Beneficiaries in a Joint Living Trust
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| Discussion: Beneficiaries in a Joint Living Trust | - |
Judy (Offline)
UNITED STATES |
| Joined 12 Jun 2022 2:42 pm
3 posts
Unrated |
My husband & I have a joint living trust. We have no children. The trust is now set up to include sibling beneficiaries from both of us, (in case we should die at the same time). If one of us should die prior to the other, can the surviving spouse amend the trust to remove the deceased spouse's siblings as beneficiaries?
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| Joined 26 Jan 2022 1:01 pm
144 posts
9.6/10 Rating |
Dear Judy,
The answer to your question is "No" because even if you and your spouse set up a "revocable" living trust, as soon as one of the spouses dies the trust becomes irrevocable.
You may not change the terms of an irrevocable trust.
Best regards,
Legal Helpmate Corp.
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jtrom (Offline)
UNITED STATES |
| Joined 15 Aug 2021 6:43 pm
1 post
Unrated |
I am the successor trustee of a trust. One share is to be equally divided between 3 people for the purpose of only medical or school. Ages are 1, 19 @ 21
My question : Is there an age cap in which I can distribute the funds to them direcrtly, not for school or medical?
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