DET Grant Practice Test

In an irrevocable trust, you can’t modify provisions simply because the beneficiaries all agree. A modification generally requires a formal process—either the consent of all beneficiaries with a modification that does not impair the trust’s material purpose, or a court order under applicable trust statutes. The trustee cannot unilaterally make changes based on beneficiary agreement alone. So, beneficiary agreement by itself is not a basis for modifying the trust.