Modification or Revocation of the Trust Flashcards
1
Q
Modify or Revoke a Trust (Majority Rule)
A
A settlor can modify or revoke the trust only if the power is expressly reversed in the trust
2
Q
Modify or Revoke a Trust (Minority Rule), including California
A
Trusts are revocable unless stated otherwise
3
Q
Modification of a Trust
A
The court can modify the trust, such as cy pres purposes or changed circumstances due to unforeseen circumstances and necessity, in order to meet the settlor’s intent.