Question

Can a trust be changed after it is created?

Answer

A revocable living trust can be amended or revoked during your lifetime as long as you are mentally competent. An irrevocable trust generally cannot be changed once established, which is why it is typically used for more advanced or long-term planning strategies.

About Mercer Advisors

We exist so you don’t have to worry about money. For more than 40 years, we’ve taken the sophisticated, time-tested approach that many ultra-high net worth individuals use to help manage their financial lives and made it accessible to more families.

Want to learn more about Mercer Advisors?