As we age and move through life things change. Whether these are positive changes such as a marriage, birth and new friendships, or sad changes such as a death or a falling out with a loved one. If you have taken the time to create a living trust, it will grow with you as long as you take the time to properly maintain it. In most cases, you should be able to return to the attorney who created your trust who will determine the best way to update your Trust.
If you have smaller adjustments such as a beneficiary or change of successor trustee, you can create something called an amendment to your trust. This is an additional document stating that you are making a change or adjustment to a specific part of your trust. If your updates are larger, your trust may need to be restated. This means that the name of your trust will remain the same, but the document will be refreshed and re-done. You should think of your trust as a living document; when you experience changes in your life or with your assets, your Estate Planning documents should be reviewed and updated accordingly.