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Living Trust for Husband and Wife with One Child Kansas  Form

Living Trust for Husband and Wife with One Child Kansas Form

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[Music] hey everybody it's paul from kerry state planning back with another video as part of our quora.com q a series on estate planning today's question is can a revocable trust be changed after one spouse dies and the answer that is it depends so some trusts are individual trust so if one of the uh spouses passes and it's their own trust then their own trust will become irrevocable some joint trusts become irrevocable at the first death some joint trusts stay revocable until the second death it's just a matter of preference so you know the there's pros and cons to either way if the trust becomes irrevocable at the first death then it can't be changed by the survivor and it also can uh provide some creditor protection to the survivor um but it doesn't really allow for you know change in circumstances to be taken into consideration uh if the trust stays revocable until the second passing then you know the death of one spouse doesn

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