Modifying and Terminating Irrevocable Trusts in Virginia (Online Seminar)

MCLE Credits: 2.0
Ethics Credits Included: 0.0

MCLE Credit: 2.0 (Ethics: 0.0)
Live-Interactive Credit: 0.0
Designation Credit: 2.0 Trusts and Estates Practice (Designations Information)
Price: $149 (Includes a downloadable audio version.)
Viewable Through: 09/30/2021


A pre-recorded streaming video replay of the September 2018 webcast, Modifying and Terminating Irrevocable Trusts in Virginia.

Topics Covered

To provide your clients with adequate information and peace of mind when creating an irrevocable trust, it is necessary to understand the ways in which that trust can be revoked and/or modified in the future.

  • Learn what makes a trust irrevocable, and why it makes sense to draft one
  • Examine the circumstances under which an irrevocable trust may no longer be effective, and the requirements to change or revoke an irrevocable trust
  • Review the statutory mechanisms available to you when faced with an irrevocable trust that is no longer economical, practicable, or necessary
  • Gain an understanding of the potential pitfalls involved in pursuing modification or termination, in order to preemptively address them with beneficiaries and trustees alike
  • Analyze the statutes from a litigator’s perspective to understand how to avoid or prepare for litigation when seeking modification or termination of an irrevocable trust

As circumstances change, an irrevocable trust that at one time may have been a perfect fit may no longer serve the purpose for which it was intended. But how can you change the unchangeable?

The presenters will discuss the various ways to amend and revoke an irrevocable trust in Virginia. The presentation will focus on the statutory mechanics of altering or terminating such a trust, which on its face cannot be changed. A discussion of the process and procedure for such changes will be addressed with both practical and theoretical applications.

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Vanessa Macias Stillman, Midgett Preti Olansen PC / Virginia Beach

Vanessa Macias Stillman is an Associate at Midgett Preti Olansen, concentrating in the area of estate and fiduciary litigation. She has experience litigating in several areas of civil law, including contested guardianship and conservatorship actions, will contests, partitions of property, suits for breach of fiduciary duty, and a variety of complex trust and estate matters.

Ms. Stillman graduated from Loyola Marymount University with a B.A. in Political Science and Spanish. She earned her law degree from Syracuse University College of Law and is admitted to practice law in New York and Virginia. Prior to joining Midgett & Preti, Ms. Stillman served as a Volunteer Law Clerk for Magistrate Judge Tommy E. Miller (ret.) of the United States District Court for the Eastern District of Virginia. Before moving to Virginia, Ms. Stillman was a Staff Attorney for the Manhattan Criminal Defense Division of the Legal Aid Society of New York.

Ms. Stillman is a member of the Hampton Roads Estate Planning Council and of the Hampton Roads Hispanic Chamber of Commerce, and serves as a member of the Board of Directors of the YWCA South Hampton Roads. She is fluent in Spanish.

Alison R. Zizzo, Midgett Preti Olansen PC / Virginia Beach

Alison Zizzo is a Shareholder at Midgett Preti Olansen and concentrates her practice in trust and estate litigation, including fiduciary disputes, beneficiary representation, guardian and conservatorships, and elder law. She has extensive civil litigation experience and can handle a variety of general litigation matters, including business disputes, collection and defense of debts, and contract disputes. In addition, Ms. Zizzo handles complex trust and estate administration matters, assisting families with trust and estate administration issues, as well as litigation that may arise during the course of administration.

Ms. Zizzo earned her Bachelor of Arts in History from Christopher Newport University and her law degree from Regent University School of Law.

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