How does moving to Nevada affect my inter vivos trust?

Full question:

How does moving out of the state (Calif) affect my and my late husbands Inter Vivos trust? I was thinking of moving to Nevada

  • Category: Trusts
  • Date:
  • State: California

Answer:

Typically, you don't need to create a new trust just because you relocate to another state. Whether changes are needed depends on the location of the trust's assets. To modify a revocable living trust, you can either sign a Trust Amendment, which alters specific provisions while keeping the rest intact, or a complete Trust Restatement, which replaces the entire original trust. Since we can’t provide legal advice, I recommend consulting a local attorney who can review your specific situation and documents.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

The resident state of a trust is typically determined by the location of the trustee or where the trust is administered. If the trustee moves to a different state, it may affect the trust's residency. Additionally, the state laws governing the trust and the location of the trust assets also play a role.