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May 2019

Can an Involuntarily Conserved Person Revoke a Trust?

Can a Conserved Person Revoke a Trust

In 2006, William Bassford executed a Trust entitled the “William W. Bassford Irrevocable Trust.”  Despite the title of the Trust, the Trust stated in Article Two that “notwithstanding anything herein contained, the Settlor explicitly reserves the following powers … (5) to revoke this Trust ….”  This Trust owned the home that William lived in along with his third wife, Frances.