QUESTION
How do I make small changes in my trust???
Asked on Mar 25th, 2021 on Trusts and Estates - Arizona
More details to this question:
I want to prevent my family from drawing the money out of bank in lump sum... How do I have changes in my trust....????
1 ANSWER
2 Awards
Hi. Making a change to your trust to alter the ability of your beneficiaries to withdraw all the money from your bank account in a lump sum is actually more involved than you might think. The best way to accomplish this goal would be to contact an estate planning attorney and create a "restatement" of your trust. The restatement is the most complete and secure (i.e., least likely to be successfully contested in court) method of changing how you want your beneficiaries to get access to your things when you're gone.
Answered on Apr 08th, 2021 at 10:25 AM