Full question:
I've since sold my house and said house was the address listed in my Revocable Living Trust. Now that I don't own that home and have since purchased a new home (5 years ago), I've completely forgotten to remove the old address and list the new one. What do I need to do at this point? Is there a form I need to fill out and have recorded?
- Category: Trusts
- Date:
- State: California
Answer:
A revocable living trust may be changed according to the terms of the trust document. In order to make changes to a revocable living trust, a person may sign a Trust Amendment or sign a complete Trust Restatement. A trust amendment changes specific provisions of a revocable living trust but leaves all of the other provisions unchanged, while an amendment and restatement of Trust completely replaces and supercedes all of the provisions of the original revocable living trust. When new property is added to a trust, a property deed is filed, showing the transfer of the property to the trustee.
For further discussion, please see:
http://wills.about.com/od/overviewoftrusts/a/trustamendment.htm
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.
