Restated Trusts in Los Angeles

Why does a trust need restatement?

Due to many reasons, a restatement of a trust is sometimes needed. It involves revising the entire trust, from beginning to end. This becomes an amendment, which then revokes all previous amendments. Located in the Los Angeles area, the Law Offices of David A. Shapiro is ready and able to assist you in the restatement of your trust. Our competent Los Angeles trust lawyers will energetically work with you to ensure that your trust is current, relevant, and comprehensive.

A trust may become out of date or irrelevant due to changes in the law. Amending it line by line may prove to make it so complicated that future trustees might find it difficult to understand. Also, it may no longer reflect the wishes of its creator or grantor. If significant changes to the trust need to be made, such as adding or deleting beneficiaries or changing asset distributions from family members to charities, often a restatement is needed.

Role of a Lawyer

A trust may also have many amendments done over the years, in separate documents, which may make it difficult for your beneficiaries to piece together. In this case, it may be prudent to consolidate all those changes into one document, a restated trust. It may be difficult and time-consuming for a trust attorney to make extensive changes to an existing trust. A restatement may be faster, less expensive, and easier for all concerned.

The name of your trust and the date it was created will remain the same for your restated trust. All your bank accounts, brokerage accounts, deeds, etc. won't need changing, either, if they have already been transferred to your original trust.

Do your existing trust documents need to be consolidated or changed into a restated trust? Consult a trust attorney at the Law Offices of David A. Shapiro to discuss this.