Law Offices of Frye & Vazquez, P.L.
Call Today. 305-508-5749 | 877-421-5473

When is it necessary to revisit the terms of a trust?

Anyone who takes the time to sit down with a legal professional to execute a comprehensive estate plan should be commended for investing the necessary time, money and energy into ensuring that their wishes are followed and their loved ones are provided for in the event of their demise.

As accomplished as a person should feel after taking this monumental step, the question naturally arises as to when -- if ever -- a person should plan to schedule an appointment to revisit and perhaps even revise their estate plan.

While there is, of course, no definitive answer as to when this should take place, experts do indicate that the need may not be quite as urgent where trusts are concerned.

Specifically, they are referring to those situations in which a person has accumulated additional assets since the trust was created and these new assets are not specified in its terms.

Here, experts indicate that people should be aware that the only assets that must be subjected to the lengthy -- and sometimes costly -- probate process are those that are titled in the name of the deceased as the sole owner and which are not otherwise left to a designated beneficiary. As such, they indicate that so long as these new assets are titled in the name of the trust, they should be able to avoid probate.  

It should be noted, however, that these same experts do indicate that people should go back periodically to examine whether the person they designated to serve as trustee is still an appropriate choice and/or whether the amount left to certain beneficiaries perhaps needs to be adjusted.

If you have questions or concerns about executing an estate plan or revisiting your earlier decisions, please consider speaking with an experienced legal professional to learn more.

No Comments

Leave a comment
Comment Information

What Our Clients Are Saying

  • I have known and worked with Austin Frye and his team since 2008. In that time he has helped serve both my business and personal legal planning needs. From guidance on reviewing and keeping shareholder and state documentation up to date... - Robert
  • It is difficult enough to cope with the emotional challenges of closing a parent's estate, and when you are also faced with the issue of your parents having insufficient documentation, and being remote from your siblings… - Zara L.
  • Austin Frye provided legal services to my father while alive and to his estate after his death; when showing the EP docs his firm prepared to other professionals (lawyers, financial advisors, accountants)… - Mark S
  • I've been a client of Austin Frye's for over 10 years. In that time, he's handled my estate/trust planning and asset protection as well as complicated business deals. - Leslie
  • Mr. Frye recently set up a complicated special needs trust for my son and, as usual, did a great job explaining it and in putting our minds at ease about our son's future well-being. - Dr. Howard
  • Massachusetts Bar Association
  • The Florida Bar 1950
  • CFP
  • Florida Bar Elder Law Member
  • Academy Of Florida Elder Law Attorneys
  • Florida bar Business law Member
  • NAELA National Academy of Elder Law Attorneys, Inc.
Email Us For a Response

Contact Us For Personal Attention To Your Legal Matter

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Location

Get In Touch With Us
20900 W. Dixie Highway
Miami, FL 33180

Toll Free: 877-421-5473
Phone: 305-508-5749
Map & Directions