When Should You Change Your Living Trust?

Trust and Estate Papers Rolled Up and Isolated on White Background.

A living trust, also referred to as a “revocable trust” is a written legal document through which your assets are placed into a trust and then transferred to designated beneficiaries at your death by your chosen representative, called a “successor trustee.” A living trust can be changed at any time and a significant life change is an opportunity to review the living trust to determine what changes should be made to ensure it reflects your wishes and the most current information. Examples of significant life changes include but are not limited to:

  • Marriage
  • Divorce
  • Birth or adoption of a child
  • Adding or changing a beneficiary
  • Death of a beneficiary
  • Changing the trustee or successor trustees
  • Adding or changing which property is part of the trust and how it’s distributed
  • Moving to another state where the inheritance laws are different

Changing a revocable living trust can be done with or without an attorney. However, an experienced attorney who is familiar with Florida’s laws can review your individual situation and provide legal assistance for the disposition of assets to protect you and your loved ones.

At D’Lugo and DeFlora, P.A. we are not simply attorneys, we are here as counselors and advisors. We provide attentive, dependable and honorable counsel and representation to the residents of Central Florida.

If you are in need of legal counsel, call us at 407.870.551 or visit us on line at KissimmeeFamilyLaw.com

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