WHAT IS
Amendments to trusts are changes made to an existing trust document. They can be necessary for various reasons, such as:
- Changing beneficiaries: You may want to add, remove, or modify beneficiaries based on changes in your family or circumstances.
- Adjusting the trust corpus: You may need to add or remove assets from the trust.
- Modifying the terms of the trust: You may want to change the provisions governing how the trust assets are managed or distributed.
- Addressing changes in tax laws: Amendments can help you stay compliant with changes in tax laws that may affect your trust.
WHAT THIS PROCESS INVOLVES
- Drafting an amendment: A legal professional can help you draft an amendment document that clearly outlines the desired changes.
- Execution of the amendment: The settlor (the person who created the trust) or the current trustee (the person maintaining the trust) must sign the amendment.
- Notarization: A notary identifies all signers and notarizes their signatures.
HOW WE HELP
We type the amendment under your direction and we arrange for a notary to verify signatures.