Talk to any estate planning lawyer, and they’ll tell you it’s crucial to check your estate plan every five years.
Life can change a lot in a short time, and your will and living trusts should stay up-to-date.
Now, many wonder, ‘Can I amend my living trust without an attorney?’
In this post, we’ll discuss why you might need to update your living trust and the simplest way to do it.
Important Reasons to Amend a Living Trust
You can change a living trust whenever things in your life change.
Here are some reasons why you might want to do that:
- You got married
- You got divorced
- You had a child
- Someone who was supposed to get something from the trust passed away
- You want to change who gets something, who takes care of the trust, or how things are shared
- You want to take a property out of the trust
- You bought a new property and want to add it to the trust
- You moved to a different state with different rules about inheritance
There could be other reasons too.
It’s a good idea to talk to a lawyer to see if the changes in your life mean you should update your trust.
Can I Amend My Living Trust Without An Attorney?
Yes, you can change a living trust without an attorney, and you don’t have to go to court.
There are forms online or services that can help you with estate planning for a small fee.
But, it’s usually a good idea to work with a lawyer, especially if they helped make the trust.
Even though it costs money, a lawyer can suggest ways that might save you money later.
For example, they might say it’s better to cancel the trust and make a new one if it makes sense and helps you save money.
Most importantly, if you make a mistake (which can happen with legal stuff), it might cause money problems later.
So, having a lawyer is the safest choice.