Amendments and Restatements

Falk, Cornell and Associates, LLP, recommends that you take some time to review the estate plan you put into place at least every 3 to 5
years. Generally we find that there are usually personal changes in your life that may warrant a change to your estate planning documents.  Some of these changes could be in the form of changes to your trustees, guardians, and the birth of a child, distribution changes and changes to your health care directives.  Once you have had an opportunity to review the documents on your own, you should make an appointment with one of our estate planning attorneys to review the documents.  This will allow you the opportunity to come in and sit down and review your estate plan with one of our estate planning attorneys for no cost.  If an amendment needs to be executed the cost will depend on the extent of the revisions.  Sometimes trusts are older and the attorney may recommend a restatement to your estate planning documents.  This means that we revise your entire estate planning documents this includes the living trust, wills, and power of attorneys.  The fee associated with the restatement is more, but sometimes this may be the best route.  The original trust name and date of execution is retained, but all the documents are brought up to date.  Only the attorney can determine if the documents should be amended (a minor change to the documents) or a restated (completely redone).