A living trust protects your assets and settles the question of who will be receiving what part of your assets after you die. Putting assets in trust can also have some tax benefits. A living, or revocable, trust can be changed at your discretion. Attempt to have your trust in order at all times, in case the worst should happen. Once you’re dead, it takes a court order to change the terms of your trust, which can occur if beneficiaries challenge it.
Contact your lawyer, as well as everyone who was signatory to the original trust. Each of these people should be involved in amending or changing the trust.
Create an amendment to the trust. Title it "Amendment to the X Trust," where X should be replaced by the name of the trust you created.
Write a paragraph explaining the change or addition you're planning to include in the trust. If you're changing something that is already in the trust, explain what exactly is being changed. Say that you will cross out the part being changed or made null in all surviving copies of the trust.
Write down what the changes or additions are specifically. Be sure that your instructions are clear and easy to understand.
Ask all people signatory to the original trust to sign the amendment or change. Cross out any parts of the old trust made null by the amendment. Append a copy of the amendment to every surviving copy of the trust. Have one copy of the changed and amended trust notarized by a licensed notary and seal that copy in an envelope.
Melly Parker has been writing since 2007, focusing on health, business, technology and home improvement. She has also worked as a teacher and a bioassay laboratory technician. Parker now serves as a marketing specialist at one of the largest mobile app developers in the world. She holds a Master of Science in English.