Chances are good that if you recently moved to Anaheim after previously living out of state, you have taken many steps in order to update your affairs with your new address. This may include notifying lenders, setting up mail forwarding, and contacting utility companies. One additional item that should be added to your to-do list is to amend your estate plan to change your trust location to Anaheim. Contrary to what many may think, this change in trust location, also known as trust situs, does not happen automatically.

Why should you consider a trust amendment following a move to California? The following are key reasons why changing the location of your Anaheim trust may benefit you:

  • You may be able to avoid paying state income taxes on the trust’s income in multiple states.
  • You may be able to avoid the trust having to pay capital gains taxes in multiple states.
  • California may have more favorable trust laws than your previous state with regard to duration of the trust, creditor protection for beneficiaries, or the trustee’s ability to improve investment performance of trust assets.

A knowledgeable professional should oversee the actual process of amending your trust. An excellent starting point as you begin the process of updating your trust is to view our free guide, The Ten Things You Must Know Before Creating (or Amending) Your Will or Trust. To learn more, contact the Law Office of James F. Roberts & Associates, APC. Call our office of experienced Anaheim trust modification attorneys today at (714) 459-5481.

James F. Roberts
Founder and owner of the Law Office of James F. Roberts and Associates, a premiere estate planning law firm
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