Can A Revocable Living Trust Be Changed Or Revoked?
Yes. The grantor ordinarily reserves the right in the trust document to amend or revoke the trust at any time during his or her lifetime. This enables the grantor to revise the trust (or even terminate the trust) to take into account any change of circumstances such as marriage, divorce, death, disability or even a change of mind. It also affords the grantor the peace of mind that he can undo what he has done. Upon the death of the grantor, most revocable living trusts become irrevocable and no changes are then allowed.
