Estate Law Questions? Ask an Estate Lawyer.
Hello and welcome! My name is ***** ***** I am a licensed attorney who will try my very best to help with your situation or get you to someone who can. There may be a slight delay in my responses as I research statutes or ordinances and type out an answer or reply, but rest assured, I am working on your question.
Are you asking if the management can be changed by the trustees?
Or something else?
Ok, this is going to depend exclusively on what the trust says in it as to the powers of the trustee.. But generally the trustee has the authority to employ money managers in their discretion as long as they are acting prudently in managing the money. If they feel that one manager would do better than another, then they can change managers.
But if the trust states that you get a certain amount or portion from the trust, then that is what the trustee is obligated to provide. With the trust being irrevocable, then the terms of the trust can't be changed, but its management can be if the trustee is given that discretion to make changes, which they normally are.
Did you have any further questions I can help with?