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- When the income beneficiary’s interest ends, the trust’s assets pass to the designated charitable beneficiary.
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Assets placed into an irrevocable trusts can no longer be considered personal property. This kind of trust cannot be dissolved or revoked without a court order. Whether or not the court will grant this request depends on the terms of the trust and state law. Some trusts allow beneficiaries to choose a new trustee if the current one isn’t doing a good job of managing trust assets. If the trust doesn’t say anything about this issue, a court can act, but rules vary from state to state.
Florida Revocable Living Trust Helps You Avoid Florida Guardianship Court
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