The tables below describe specific skill development for each stage of development through age 8. Below the developmental time line you will find information on how you can stimulate and encourage language development as well as information on how to recognize lagging development and what to do about it.
By its design, an irrevocable trust is just that, irrevocable, and so as a basic rule an irrevocable trust cannot ever be amended, modified, changed, or revoked. Nonetheless, here are some things to consider if you think you are stuck with the terms of a trust that can never be changed.
An irrevocable trust can be a great estate planning tool -- as long as you're completely sure of your plans. Image source: Getty Images. An irrevocable trust can shield your assets from estate taxes and legal liability, and can help you leave assets to a beneficiary in a clearly defined manner. However, irrevocable trusts are permanent and the assets placed in them technically aren't yours anymore, so it's important to consider the pros and cons before setting one up.