Can a client remove the testamentary trust in the future?

Last modified: July 23, 2024
Estimated reading time: < 1 min

Yes, the policyholder can amend or revoke the testamentary trust by changing their Will at any time before their death. They can remove or alter the provisions related to the trust as long as they are legally capable of making such changes.

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Next: Can a client request a partial withdrawal from the policy? Should the payment be made to the trustee company or directly to the client?