When should I review or update my Trust?

You should review your estate planning documents periodically. If it is not up to date when you die, your estate may not be distributed as you wish.

Your Trust can be changed through an Amendment, a legal document that must be drafted and executed with the same procedure that applies to Trusts. Do not change your documents by writing on them or by crossing out words or sentences.

You should review your plan when:

  • You get married or divorced
  • There are major changes in your family (births or deaths)
  • Your children come of age
  • You receive a windfall or significant loss of assets
  • You no longer find your choice of guardian or executor appropriate
  • It has been 3 years since your last review