Revocability Clause

What is it?

This clause establishes that the trust is revocable during the grantor's lifetime, meaning you can modify, amend, or completely revoke it at any time. Most living trusts become irrevocable upon the grantor's death.

Why is it important?

Revocability gives you flexibility to adapt to changing circumstances - new family members, asset changes, or updated wishes. After death, irrevocability protects beneficiaries and may provide tax advantages.

Example Language

The Grantor reserves the right to amend, modify, or revoke this Trust in whole or in part at any time during the Grantor's lifetime. Upon the death of the Grantor, this Trust shall become irrevocable.