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

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2
Q

Modify or Revoke a Trust (Minority Rule), including California

A

Trusts are revocable unless stated otherwise

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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.

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