Legal Question in Wills and Trusts in California
My mother had a Trust executed many years ago. She inherited $150,000.00 and has put the money in different CD's and savings accounts. The CD's and savings accounts are not mentioned in the Trust. How do we get all of her newly accquired assets covered in the Trust? Do we have to make a new Trust or can we do an addendum?
1 Answer from Attorneys
There are a couple of ways. You are correct that you can amend the trust in its entirety. You can also have a durable power of asset management where all property not owned by the trust is included in the trust. Possibly the easiest way is to have a will that pours over into the trust.
Our office can assist you with any of these should you choose to do so. Please feel free to contact me with more info or with additional questions.
If you would like to discuss this matter further in a more private forum, please feel free to contact me directly at the email address provided by LawGuru or through our firm�s website located at PasadenaEstatePlanning.com
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