Considering an update to your estate planning documents? View here for eight helpful tips during an Orange County trust modification.

Making the decision to update your estate plan is a wise and prudent move toward ensuring that your family is provided for and goals are accomplished. Attention to detail and formalities played an important role when you originally planned your estate. Trust modifications in Orange County are no exception. The following are eight helpful tips that should be addressed as you begin the process of updating your estate plan:

  1. Have your trust modification in Orange County overseen by a legal professional that can ensure that all of the technical requirements for amending a trust are carried out properly.
  2. Update the cities and states where your successor trustees reside.
  3. Be certain to properly revoke any older documents that need to be revoked.
  4. Carefully consider whether your plan should be updated to incorporate methods for reducing taxes.
  5. Assess whether your planned distributions still accomplish your goals for transferring your wealth after your passing.
  6. If additional children or grandchildren have been born since your last estate planning update, consider how this affects your planned distributions.
  7. If any divorces or weddings have occurred, consider whether this influences your goals for distributing your property.
  8. Have your trust modification attorney revise any language relating to laws and rules that have since been updated.

While these are several of the more common considerations that should be addressed during the process of updating an estate plan, every estate is unique and may have different needs that should be addressed. To learn more about modifying a trust or other estate planning instrument in California, view our free guide, The Ten Things You Must Know Before Creating (or Amending) Your Will or Trust. Our office of experienced Orange County trust amendment attorneys are here to help plan for all of your estate planning needs and goals. Call our office today at (714) 459-5481 for a consultation.

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