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Living Trust
Handling Client's Existing Trusts
FastWill provides Trust restatements for clients with existing Revocable Living Trusts. This process is similar to creating new documents but involves additional steps:
- Additional Questions: Clients will respond to more detailed questions to customize the restatement to their current needs.
- Incorporation of New Language: Specific language will be included to ensure the new documents align with the existing Trust's terms.
Since the restatement keeps the original Trust's name, it usually does not require re-funding. However, itβs important to note that all other existing documents, such as Wills, Power of Attorney, and Advance Health Care Directives, will be revoked upon signing and notarizing the new documents.