Yes. It is common for people to want to make changes to the terms of their trust. A revocable living trust in Georgia can be changed during one’s lifetime. The only reason that a trust couldn’t be changed is if a person didn’t have the mental capacity to do so (e.g., is in a coma or suffering from Alzheimer’s).
So long as you are alive and well, you can:
- Amend your revocable living trust
- Add to your revocable living trust
- Change your revocable living trust
- Revoke your revocable living trust
Because the trust was created by a formal written document, any changes to your trust will also require a written document. This can include a trust amendment document or a trust restatement document, depending upon your needs. If you are looking to revoke the trust, certain forms will also need to be filled out. Upon revocation, the properties held in the trust will return to your direct ownership.
In order to ensure that you are making acceptable changes to your trust, using the proper forms and in the correct way, you should consult with an experienced Georgia estate-planning attorney. To find out how to add or remove assets you have already funded, to change provisions, or to revoke the trust entirely, call the Law Offices of Shane Smith. Peachtree City estate-planning lawyer. Shane Smith will make sure any changes you are looking to make are legal and won’t have negative consequences for you or your beneficiaries. Call (770) 487-8999 today.