Trust Restatement
A Trust Restatement is a legal document that completely updates and replaces the terms of an existing trust while keeping the original trust intact. Unlike a trust amendment, which modifies only specific provisions, a restatement allows for comprehensive changes without requiring a new trust to be created. This ensures continuity of the trust’s original creation date, preserving important legal and tax benefits while reflecting the grantor’s updated wishes.
A Trust Restatement is a legal document that completely updates and replaces the terms of an existing trust while keeping the original trust intact. Unlike a trust amendment, which modifies only specific provisions, a restatement allows for comprehensive changes without requiring a new trust to be created. This ensures continuity of the trust’s original creation date, preserving important legal and tax benefits while reflecting the grantor’s updated wishes.
A Trust Restatement is a legal document that completely updates and replaces the terms of an existing trust while keeping the original trust intact. Unlike a trust amendment, which modifies only specific provisions, a restatement allows for comprehensive changes without requiring a new trust to be created. This ensures continuity of the trust’s original creation date, preserving important legal and tax benefits while reflecting the grantor’s updated wishes.