When to change your living trust

Whenever there is a significant change that affects your life or property, it's time to review your estate plan to determine if you need to change your living trust.

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Ronna L. DeLoe, Esq.

by Ronna L. DeLoe, Esq.

Ronna L. DeLoe is a freelance writer and a published author who has written hundreds of legal articles. She does.

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Updated on: April 26, 2024 · 4 min read

Most lawyers and financial advisers suggest that when it comes to estate planning, you should review your estate plan every three to five years. After all, things change, which means you should review your will and any living trusts to ensure that they include everything you want them to include. It's also advisable to review them regularly to make sure they're current.

Changing a living trust is not as difficult as it sounds, but it does take some preparation. What looked like a good idea yesterday may not be what you need if certain circumstances have changed.

When should you amend a living trust?

Living trusts sometimes referred to as revocable trusts, can be changed at any time. It is a good idea to review and change your living trust when you've had a significant change in your life. These major changes could include: