Can A House That Has An Irrevocable Trust Be Sold?
Some homes that are put up for sale have been placed in an irrevocable trust. This type of trust can’t be changed in any way by the person who created it. Irrevocable trusts take homes and other tangible assets out of a specific person’s name so that their personal net worth can’t be altered and to protect against possible claims made by creditors. They can be sold, but these transactions are typically more complicated than traditional home sales.