Updating Your Revocable Trust: How Many “Tweaks” Are Too Many?
If your life or the law has changed since you signed your will, trust or power of attorney, the really should be updated. Updates to the trust can be made by way of an amendment – or – a complete restatement. An amendment updates a specific part of the trust; whereas, a restatement, updates the entire trust. You might think that an amendment would cost less than a restatement, but that’s not necessarily true. Let’s chat about which is best for you.
Amendments vs. Restatements: Which Is Better?
Imagine a recipe card you’ve used for years. If one or two provisions have been crossed out and replaced, the card may still be readable. However,