Industry News

Use the proper tools to fix a broken trust

Jun 5, 2018 | News

A trust that works fine when it’s established may no longer achieve its original goals if your family circumstances or tax laws change. Or a drafting mistake may produce an undesirable result. One option is to modify the trust. This remedy may be available, through court proceedings, if unanticipated circumstances require changes in order to achieve the trust’s purposes. Another is reformation, which allows you to ask a court to rewrite a trust’s terms to conform with the grantor’s intent. Contact us for additional options to remedy a broken trust.