Can I Amend a Living Trust? Many shy away from the idea of establishing a living trust due to its perceived finality: Believing that in the event that major circumstances in their lives change, the trust is already set in stone. This is not the case however. Today, in California revocable trusts are relatively common. Later, the trustor can amend the revocable living trust via appropriate paperwork. To learn more about this kind of trust or to make a change to an existing revocable trust– contact my firm today.
Could You Benefit from Trust Administration Services?
Naming a trust administrator today may reduce future conflicts among friends and family. As a result, an experienced trust and estate planning attorney can anticipate events throughout the life of the trust. Acting on those events then saves considerable expense. Tensions among family members and other beneficiaries ease when an attorney as trust administrator serves as messenger and intermediary. The tasks of a trust administrator may include:
- Obtain legal documents necessary to administer the trust;
- Obtain legal documents and records to then certify the validity of the trust;
- Execute collections for the trust;
- Maintain property inventory;
- Select and consult financial, legal, or tax or other expert advisors;
- Pay expenses and settle debts;
- Secure appraisals for trust assets;
- Sell trust properties;
- File tax returns;
- Report to beneficiaries;
- Transfer titles to/from trust property or to beneficiaries, and finally
- Distribute income and property to beneficiaries.
Attorney Mark Gullotta offers a free assessment of your situation which will minimize the unexpected, giving you a comfortable planning experience, as well as a flexible plan which will grow with you and your family. Mark will clearly and thoroughly answer all your questions regarding estate planning, offers upfront pricing, and has a goal of keeping you informed during the entire process. As an estate planning attorney for more than 15 years, Mark Gullotta serves the San Mateo County area, such as San Bruno, Millbrae, Burlingame, South San Francisco, Daly City Colma, and the City of San Mateo, and offers 15-minute assessments. Contact Mark Gullotta today for all your estate planning needs.