If my brother agreed, can he give back his right as a beneficiary?
My parents have an irrevocable trust. I will be getting the house and some land. My brother gets the rest. My father wants to change the trust if possible. If not he wants to go ahead and give me my portion. Is it possible for him to do that. If my brother agreed to it could he give back his right as a beneficiary?
This question can only be answered by having an attorney review the trust that your parents wrote. Some trusts are truly "irrevocable" and cannot be changed in any respect, whereas others can be changed. The answer also depends on the particular laws of your state. You should consult with the lawyer who drafted the trust, or a qualified trust attorney in your locale, to see what flexibility there is.
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