What is a trust amendment?

A trust amendment is a document that is used to modify an already existing trust. It is a legal document that allows someone to change the terms of the trust without completely modifying or revoking it. For example, in Elder Law in Kansas a trust amendment may be used to modify the terms of a trust that was created to benefit an elderly person. This trust amendment could include changes to the way that assets are distributed, who is named as a beneficiary, or any other changes to the trust document that are needed. Trust amendments can also be used to make changes to a trust document that are required by state or federal laws, such as changes that need to be made to keep an existing trust in compliance with tax or social security laws. In general, trust amendments are used to make changes to an existing trust without having to create an entirely new trust document.

Related FAQs

What is a do-not-resuscitate (DNR) order?
How do I create a living will?
What types of assets are exempt from being counted in determining Medicaid eligibility?
How can I ensure that my elderly parent’s wishes are respected?
What is a probate avoidance trust?
How do I find an Elder Law attorney?
What is a durable power of attorney for health care?
What is advance healthcare planning and how can I do it?
What is a long-term care insurance policy?
What is a community spouse resource allowance?

Related Blog Posts

Essential Questions to Ask about Elder Law - July 31, 2023
Frequently Overlooked Considerations in Elder Law - August 7, 2023
Financial Benefits of Elder Law Planning - August 14, 2023
Navigating the Complexity of Long-Term Care Planning with Elder Law - August 21, 2023
The Cost of Not Planning for Elder Law - August 28, 2023