What is a revocable trust amendment?
A revocable trust amendment allows the person who created the trust (the grantor) to modify the trust agreement while they are still alive. This type of amendment can be used for making changes to the language of the trust agreement, changing the terms of the trust, and adding or removing beneficiaries. In Texas, the amendment must be in writing and signed by the grantor and at least two qualified witnesses. It must also be notarized, which means that a notary must witness the signing. Any changes must be consistent with the original trust agreement and must not violate any law. In addition to making changes, a revocable trust amendment can be used to revoke (undo) the trust agreement. The grantor can revoke the trust agreement in part or in whole, but they must make an express declaration in writing that they are revoking the trust. Revocable trust amendments can be an important part of estate planning and can help ensure that the trust agreement meets the grantor’s needs, as well as the needs of the beneficiaries.
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