In the past, trusts were made with little room for adjustment by the beneficiaries. Nowadays, trusts can be drafted to be quite flexible because no one knows what the future holds. There are three main ways to change the outcome of a trust. The first is giving the trustee the power to distribute a portion of your assets, although this is limited, it gives them room to adjust. The second is using Trust Protectors which is giving someone the power to stop distribution to the beneficiaries. Lastly, modifying a trust by going to court. This article examines several ways you can add flexibility in detail which will help increase the usefulness of your trust.
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