Surviving spouse was surprised to learn that the revocable trust created by the couple 10+ years ago became irrevocable upon the 1st spouse’s death. In addition, the trust split the couple’s assets and allocated half to a trust where the surviving spouse only had limited rights to the assets. After reviewing the survivor’s alternatives, DeAngelis Legal drafted a non-judicial settlement agreement between the surviving spouse and the beneficiaries of the irrevocable trust, which effectively modified the terms of the trust to comply with their intent.
