The Living Trust Amendment is a document used to change one or more minor provisions of a living trust or joint living trust as an alternative to preparing a new living trust. The amendment can be used to make minor deletions and/or additions to the original trust. Multiple amendments should be avoided, especially if one amendment amends a prior amendment. Instead, a single amendment should be prepared which restates and revokes all prior amendments. Furthermore, if major and/or numerous changes will be made to the original trust, it is recommended that the original trust be "amended and restated" in its entirety. (See this program's Living Trust or Joint Living Trust documents and select the option to "Amend" the Trust.) If the trust is merely restated instead of revoked/replaced, the assets already transferred to the trust will remain there. |