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Irrevocable trusts are just that \u2013 irrevocable. Therefore, when asking the question \u201ccan an irrevocable trust be amended?\u201d the answer is usually \u201cno\u201d you normally cannot revoke or amend them.
To be validly and legally constituted, a trust must satisfy three criteria, known as \u201cthe three certainties\u201d: Certainty of Intention. ... Certainty of Subject Matter. ... Certainty of Objects.
As part of its definition, a trust is composed of three parties - the trustor, trustee and beneficiary. But what are these three parts and how do they operate? They are as follows: Trustor: The trustor is the person who grants the trustee control over their assets, estate, or property, and who creates the agreement.
Author hereby expressly declares that Trust is irrevocable and shall continue to exist. No part of the trust fund will be transferred to the trustee. The Trust hall be irrevocable and no part of the Trust Fund in any circumstances whatsoever shall be paid or applied for the benefit of the Settlor.
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