An irrevocable trust is a trust that cannot be changed, amended, or terminated after it is created (with some limited exceptions).

An irrevocable trust allows certain tax benefits, other financial protections, privacy, and simplified estate administration.

In legal terms, the “decanting” process allows the trustee of an original trust to “appoint” or transfer trust property into another existing or newly created ...

A Q&A guide to the laws governing irrevocable trusts in New York. This Q&A addresses state laws and customs that impact irrevocable trusts, including the ...

A transfer of assets to an Irrevocable Trust will generally be made without fair consideration. Debtor Creditor Law §273 provides that “Every conveyance made ...

Fortunately, New York law provides a simple method of revoking even an irrevocable trust. To revoke a trust created under New York law, Section 7-1.9(a) of the ...

A Q&A guide to the laws governing irrevocable trusts in New York. This Q&A addresses state laws and customs that impact irrevocable trusts, including the ...

The New York law provides for statutory mechanisms which allow for a trust creator to amend or revoke an irrevocable trust. Additionally, under certain ...

Irrevocable Living Trust You may include a statement in the trust that it cannot be amended and revoked. This makes it an irrevocable living trust. However, ...