Do I ever need to update my living trust?


Answer:  Yes.  Over your lifetime, you will probably wish to make some minor changes to your trust, such as specific gifts, change of beneficiaries, or a change of successor trustee.  These minor changes can typically be made by you.  You will also need to seek professional help to update your trust should you have a significant health change, especially if a nursing home stay is likely to be involved.   Professional help will be needed as well to update your trust in the event of family problems, dramatic change of assets, or to keep current with any changes in laws.   You should periodically review your trust with your attorney to see if there are any changes you would like to make.


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