When Should I Update My Living Trust?

Your living trust is a key part of your estate plan, designed to manage and protect your assets. However, as life changes, so should your trust. Keeping it updated ensures it continues to serve your needs and reflects your current circumstances.

Adapting to Life Changes

Life is full of changes—acquiring new property, selling assets, getting married, or having children. Each of these events can impact your estate plan. For example, if you buy a new home, you’ll need to add it to your trust to ensure it’s properly managed. Similarly, if you experience a significant life event like a divorce or a new family member, it’s important to adjust your trust to reflect these changes.

Managing Updates Yourself or with Help

You have the option to make these updates on your own. If you’re comfortable with the process and the changes are straightforward, this might be sufficient. However, significant changes or complex situations may benefit from professional advice. An attorney specializing in estate planning can ensure that your trust is updated correctly and legally.

Regular Reviews

It’s a good practice to review your living trust periodically. An annual check-up or after major life events can help keep your plan aligned with your current wishes and circumstances. During these reviews, make sure your beneficiaries and trustees are still appropriate and that all assets are correctly listed.

How We Can Help

At The Mendez Law Firm, we specialize in estate planning and can help you keep your living trust updated. We offer personalized assistance to ensure your estate plan remains current and effective. Call us at (407) 380-7724 or Email Us TODAY at mail@themendezlawfirm.com. We’ll schedule your FREE, No Obligation, No Cost office conference or Virtual Zoom conference to discuss your Family Estate Plan and review other probate avoidance and asset protection options that may benefit you and your family. If you’re looking for a Florida estate planning attorney in the Greater Orlando Area, we are here to help with all your estate planning and asset protection needs.

Keeping your trust updated ensures your estate plan remains as effective as possible, adapting to your life’s changes and securing your future.