Do I Need to Change My Trust if I Moved to Another State?
Full Question:
Answer:
Generally, another state will enforce a trust made in another state as long as it doesn’t violate the laws of the home state. A change of residence alone will not invalidate a trust. While it may be honored, you should update the trust to avoid any future disputes if any information in the document is outdated. A trust should be periodically reviewed to make sure that the information is still current, the assets, beneficiaries, etc. haven’t changed.
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. When new property is added to a trust, a property deed is filed, showing the transfer of the property to the trustee.
For further discussion, please see:
http://wills.about.com/od/overviewoftrusts/a/trustamendment.htm