If you have already created your Revocable Living Trust (RLT), then you’ve taken the first step to establish a solid Estate Plan. What you may not realize, however, is that the first step isn’t necessarily the last step.
One of the primary features of the RLT is that it is, by its very nature, revocable. You can revoke, restate (i.e., start from scratch), or amend it at any time as long as you have the capacity to do so.
This type of flexibility is comforting because as we all know, change is inevitable. As your life evolves, so should your Trust. To see if your RLT could potentially benefit from a Trust Amendment, consider the following: