One of the advantages of a revocable living trust is that the creator can change it as needed. If you want to make a change to your revocable trust in Texas, you may do so with an amendment.
Locating the trust
You should keep the trust in a safe place, such as in your home, with your attorney or in a safe deposit box. Since state laws vary regarding how a trust should be amended, you may want to consult an attorney to ensure that you are making the change correctly.
You should make sure that you have the latest copy of the trust. The trustee or trustees should also be aware that you are making the amendment. Making the change may simply be a case of adding a page to the trust that is labeled as an amendment and that specifies the desired changes.
Another reason to consult an attorney might be to ensure that an amendment is the best way to deal with the change that you wish to make. For example, confusion can be caused by a document that has been amended many times. A revocable trust can also be canceled, and in some situations, this could be a better option. There may be situations in which a better solution would be creating an entirely new trust. You may also want to consider discussing any changes you make with beneficiaries and other family members. Although it might not always be possible to share the details of an estate plan with family, in some cases, it might reduce the likelihood that your wishes are unclear or misunderstood. All elements of an estate plan, including trusts, should be reviewed every few years in case changes in your family, assets or laws necessitate a revision.