When Do You Need A Complete Trust Restatement?
Sometimes, there may be a need to alter the language in your trust. If it’s something small, such as adding or deleting specific requests, changing the person who will serve as Successor Trustee, or updating a beneficiary’s name because of a marriage or divorce, then a simple trust amendment will usually get the job done. However, if you need to add a new beneficiary, cut out a beneficiary, or change the way your assets should be distributed, then a complete trust amendment and restatement may be necessary.
Consult Our Fiduciary Advisors
The trust restatement process entirely replaces and overpowers any existing details of your original trust, so consider discussing these adjustments with our fiduciary financial advisors before making permanent decisions.
If you are in need of a trust restatement or trust amendment, get in touch with our team of professionals at CaMu Document Services. We can help you determine the best ways to adjust your existing living trust and set yourself and your family up for long-term success.
Who Is CaMu Document Services?
Since 2003, the team at CaMu Document Services has worked to ensure that our clients have the best possible experience setting up their financial estates. Voted as the most professional and affordable living trust package in Los Angeles by our clients, we know we offer quality information and services to those who need us the most. Get started by reaching out to our team of retirement and estate planning professionals today.
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What Is A Living Trust?
In the simplest terms, a living trust is a legal document that collects a variety of assets and appoints someone to handle these assets for the best interests of the trust’s eventual beneficiary. Living trusts are created during the original asset holder’s lifetime, and they are designed to streamline managing and passing on a large or complex estate.
SThey can bypass the extensive, complicated, and public legal process of probate, and facilitate the easy transfer of the