NorthWest Biotherapeutics Inc (NWBO)

[gandalf50]

no

This is misinformation.

First...an irrevocable trust is a trust that cannot be changed.
There are very few instances where you would use this type of
trust.
When you create a trust and put assets into the trust, you no
longer own the assets.....they are owned by the trust (you
still control the assets and can buy them or sell them) but
basically you have transformed the nature of your assets.
It is sort of like you have created a company for which you
are the CEO. Like any "company" you also name your replacement
(Successor-Trustees) or the person/persons who will be responsible
for continuing managing the assets or distributing the assets
after you pass.

Current law says that you can keep assets in a trust for 21 years after death without distribution to heirs (handy if there is a family lawsuit
or a disgruntled spouse).....many things are possible.

Because life and laws are ever changing, 99% of trusts are revocable
and thus can be changed......