DoI Need to Change My Trust if I Move to Another State?
Full Question:
Answer:
Typically, a new trust doesn't not need to be created solely due to relocation to another state. The answer will depend in part if location of the assets of the trust are going to change. In order to make changes to a revocable living trust, a person may sign a Trust Amendment or sign a complete Trust Restatement. A trust amendment changes specific provisions of a revocable living trust but leaves all of the other provisions unchanged, while an amendment and restatement of Trust completely replaces and supercedes all of the provisions of the original revocable living trust. We are prohibited from giving legal advice, as this service provides information of a general legal nature. I suggest consulting a local attorney who can review all the facts and documents involved.
