Joint Trust Irrevocable
In some cases, if a married couple creates a joint trust, certain aspects of the joint trust will become irrevocable upon the death of the first spouse. This is necessary to ensure a transfer takes place, avoiding probate. In some cases, there will be provisions of a trust which transfer spousal assets to a third party from the joint trust. This video includes a summary by Elliott Stapleton on the joint trust topic.
Feel free to contact Estate Attorney Elliott Stapleton if you have additional questions on your Will or Trust.
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