Living Trust Amendment Document

A living trust is a legal document created by a grantor that transfers ownership of the grantor s assets from the grantor to the trust.

Living trust amendment document.

Instructions for finalizing your amendment print with the document. You can add new or more beneficiaries change nominees etc. The amendment is used to make changes to a living trust that you previously established. The amendment to living trust form can be adopted to construct changes to a living trust that you earlier originated.

The form enables you to eliminate provisions from the trust or incorporate brand new provisions. If you made a trust with your spouse or partner then while both of you are alive you both must agree to amend any provision of the trust document for example to change a beneficiary a successor trustee or the property management. You should check with a competent legal professional to ensure that this amendment to living trust form meets any legal requirements set established by the state. You will amend the trust by drafting an amendment which is a separate document.

This page provides a template for amending a revocable living trust or a similar type of revocable estate planning trust. Using this amendment form. If the trust is an irrevocable trust or the trust document states that it may not be changed do not attempt to change it by executing a trust amendment. Use the living trust amendment document if.

Create a new document. You wish to change one or more provisions of the existing living trust due to events such as a change in marital status the birth of a child a move to another state perhaps from a community property state to a non community property state or vice versa a significant change in financial status a change in the tax laws or the death of a. Open a new document in your favorite word processor and choose a standard font such as times new roman or arial with font size 12. After you and the notary sign the form the your changes will be valid.

If you decide to make a trust amendment to modify your trust fill out this form print it and bring it to a notary public. The amendment to living trust form can be used in most situations. To change your living trust document completely you need to prepare for a new living trust. The living trust subsequently has control over the assets during the grantor s lifetime and sets out how the assets will be distributed upon the grantor s death.

With this form of an amendment to living trust basic changes can be done with ease. Consult an attorney on how to proceed. If you remember what font type was used in the original trust agreement it is best to keep the same font.