Category: Trust Administration

Updating Your Revocable Trust: How Many Tweaks Are Too Many?

By Melissa A. Register Posted in Trust Administration

If your life or the law has changed since you signed your revocable trust, there’s a good chance that it needs to be updated. Updates can be made by way of an amendment or a complete restatement. An amendment updates a specific part of the trust; whereas, a restatement, updates the entire trust. You might think that an amendment would cost less than a restatement, but that’s not necessarily true.

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Who Should Be Your Successor Trustee?

By Melissa A. Register Posted in Trust Administration

If you have a revocable trust, you probably named yourself as trustee so you can continue to manage your own financial affairs. Eventually, however, someone will need to step in for you when you are no longer able to act due to incapacity or after your death.

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