Legal Question in Wills and Trusts in California
Do Revocable Living Trusts Need to be reviewed??
My father and mother created a revocable living
trust in 1992 and my father died in 1993. My
mother gets phone calls from attorneys that
write living trusts stating that she should
let them "review" the current living trust or
write a new one since a few years have passed
since the creation of this one. Do living trusts
need to be reviewed or modified if no change
in the property or assets of the person have
occured??
2 Answers from Attorneys
Re: Do Revocable Living Trusts
Reviewing it is not a bad idea but unless something has changed, mainly the way you want the property distributed after the second spouse dies, there is no real reason to review it. the trust is still valid and changes are not required or needed unless the trustee wants something specific changed.
Re: Do Revocable Living Trusts
I agree with Ken -- reviewing the trust is not a bad idea but probably not essential in this case. However, I would beware of attorneys who cold-called.
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