Q. Can a
living trust be amended?
it is common to amend a trust from time to time as
circumstances change. Some reasons for trust
amendments are as follows:
Changes in the number of
family members, either by birth, death, divorce or
Changes in relationship
within the family group.
Changes in financial or
Change of circumstances or
need of a beneficiary due to issues such as
disability, handicap, or special education needs
that occurred since the creation of the trust.
New interests in
charitable or educational institutions.
In a trust, the provisions that are most commonly
amended are as follows:
The preference or order of
The distribution of the
assets of the trust estate.
Additional provisions for
grandchildren’s education or other special needs.
The preference of
contingent beneficiaries upon the death of any of
the primary beneficiaries.
Change of any restrictive
powers that may be listed in the trust.