Skip to main content

Making Changes to an Estate Plan

Feb 01, 2015 01:36PM, Published by Jennifer Neys, Categories: Home+Finance



by Daniel DuRee

            Regardless of how well drafted our estate planning documents are, life changes inevitably require changes to our estate plan. The type of change and the document it affects determine how we make these alterations. Below are methods for making changes to the following estate plan documents. 

Living Trust

            Life changes which alter how you wish to distribute your assets or who you want to be in charge of that distribution are changes that involve the living trust. A living trust is changed by doing an amendment to the trust. An amendment is a separate document that will be attached to the trust and describes the changes that will be made. The downside to a simple amendment is that when you are gone, people will see the original trust as well as the change. So if you are making a change that may hurt feelings of a loved one (such as removing one child as successor trustee in favor of another), you can always do a restatement, which is basically a complete new version of the trust with the new terms. With a restatement, there is no evidence of what the original terms of the trust were. 

Will

            With a trust based estate plan, a pour-over will is generally used which leaves everything to the trust. Because of this feature, if you are making a change in asset distributions, you do it though an amendment to the trust rather than changing the will. However, if you are changing who you wish to be in charge of your estate when you pass away, you should also change the executor of your will. A will is changed by creating what is called a codicil. It is similar to an amendment to a trust and is a separate document that is then kept with the will.

Durable Power of Attorney or Advance Healthcare Directive

            If you wish to change who will be in charge of your financial, personal, or healthcare management should you become incapacitated, you will need to appoint a new agent under your durable power of attorney and/or advance healthcare directive. There is no amendment method to these documents, and new documents will be drafted.

            Remember when making any changes to a will or a trust that the same execution requirements apply, so a trust amendment must be notarized, and a will must be witnessed by two independent witnesses. If you have any questions about changes to your estate planning documents, please feel free to call my office.

 



  • Happy Hour & A Half

    07/21/2017
    04:30PM — 06:00PM

    Live music No cover charge Beverage discount Doors open 4:00


  • SHEILANI ALIX

    07/21/2017
    08:00PM — 10:00PM

    "Jazz and R&B" Sheilani Alix - vocals Greg Sankovich - keys Kurt Ribak - bass Lincoln Adler...


  • Rockridge Ice Cream & Gelato Tour

    07/22/2017
    03:00PM — 04:00PM

    Satisfy your sweet tooth this this one-hour guided walking tour that helps kids of all ages explo...


  • The California Condors of Big Sur Benefit

    07/22/2017
    06:00PM — 09:00AM

    You are invited to a benefit fundraiser for the California Condor and Ventana Wildlife Society ta...


  • THE JONES GANG

    07/22/2017
    08:00PM — 10:00PM

    "High Octane Americana" Travis Jones - guitar/ vocals Henry Salvia - keyboards Joshua Zucker...


It looks like we don't have any events for this date. You can always add an event.

It looks like we don't have any events for this date. You can always add an event.

  • Volunteer Gardening

    07/26/2017
    09:00AM — 12:00PM

    It takes a lot of effort to maintain six acres of lush garden space, and as a small, nonprofit or...


  • Community Garden Swap Meet

    07/26/2017
    12:00PM — 12:30PM

    Have an excess harvest of yummy and pretty things from your home garden? Bring fruits, vegetables...


  • Plant Spotlight Classes

    07/26/2017
    12:30PM — 01:00PM

    Bring a sketchbook or notebook to The Gardens at Heather Farm as we spotlight one special plant i...


  • MONTHLY MOSTLY BLUEGRASS EXTRAVAGANZA

    07/26/2017
    07:30PM — 10:00PM

    Hosted by the Armando's House Bluegrass Band Bruce Campbell - bass Rick Horlick - mandolin L...


  • Happy Hour & A Half

    07/21/2017
    04:30PM — 06:00PM

    Live music No cover charge Beverage discount Doors open 4:00


  • SHEILANI ALIX

    07/21/2017
    08:00PM — 10:00PM

    "Jazz and R&B" Sheilani Alix - vocals Greg Sankovich - keys Kurt Ribak - bass Lincoln Adler...


  • Rockridge Ice Cream & Gelato Tour

    07/22/2017
    03:00PM — 04:00PM

    Satisfy your sweet tooth this this one-hour guided walking tour that helps kids of all ages explo...


  • The California Condors of Big Sur Benefit

    07/22/2017
    06:00PM — 09:00AM

    You are invited to a benefit fundraiser for the California Condor and Ventana Wildlife Society ta...


  • THE JONES GANG

    07/22/2017
    08:00PM — 10:00PM

    "High Octane Americana" Travis Jones - guitar/ vocals Henry Salvia - keyboards Joshua Zucker...


  • Rockridge Ice Cream & Gelato Tour

    07/23/2017
    03:00PM — 04:00PM

    Satisfy your sweet tooth this this one-hour guided walking tour that helps kids of all ages explo...


  • Volunteer Gardening

    07/26/2017
    09:00AM — 12:00PM

    It takes a lot of effort to maintain six acres of lush garden space, and as a small, nonprofit or...


  • Community Garden Swap Meet

    07/26/2017
    12:00PM — 12:30PM

    Have an excess harvest of yummy and pretty things from your home garden? Bring fruits, vegetables...


  • Plant Spotlight Classes

    07/26/2017
    12:30PM — 01:00PM

    Bring a sketchbook or notebook to The Gardens at Heather Farm as we spotlight one special plant i...


  • MONTHLY MOSTLY BLUEGRASS EXTRAVAGANZA

    07/26/2017
    07:30PM — 10:00PM

    Hosted by the Armando's House Bluegrass Band Bruce Campbell - bass Rick Horlick - mandolin L...


  • FPHE Green Team meeting - new members wanted!

    07/27/2017
    04:00PM — 05:00PM

    We encourage and support all things Green in Pleasant Hill schools, including school gardens, sal...


  • Summer Sounds - Lesher Center Plaza

    07/27/2017
    05:30PM — 07:00PM

    Modern speakeasy, saloon jazz, parlor pop describes their music. But their ability to charm audie...


  • Artist in Residence Open Studio

    07/27/2017
    06:00PM — 08:00PM

    Bringing inspiring Bay Area artistic talent to the six acres of lush, natural landscapes at The G...


  • S'mores at Sundown

    07/27/2017
    06:00PM — 08:00PM

    Relish in the joys of a warm summer night with treats and outdoor activities for families in a be...


  • JENNY KERR BAND

    07/28/2017
    08:00PM — 10:00PM

    “Country Rock, Blues and Soul” Jenny Kerr - vocals/ guitar/ banjo/ harmonica/ piano Philbilli...


  • Muir Orthopaedic Specialists annual event provides pre-participation evaluation and optional base...


  • Artist in Residence Open Studio

    07/29/2017
    09:00AM — 11:00AM

    Bringing inspiring Bay Area artistic talent to the six acres of lush, natural landscapes at The G...


  • Eat Stay Love Lafayette Food Tour

    07/29/2017
    11:00AM — 01:00PM

    Green Hills. Great Schools. Good-tasting Eats. Our Eat – Stay – Love Lafayette food tour is a tw...


  • Rockridge Ice Cream & Gelato Tour

    07/29/2017
    03:00PM — 04:00PM

    Satisfy your sweet tooth this this one-hour guided walking tour that helps kids of all ages explo...


  • You are invited to a Party with a Purpose benefiting Monument Crisis Center and Contra Costa Inte...


  • SHARK ALLEY HOBOS + JACKSON & THE IMMORTALS

    07/29/2017
    08:00PM — 10:00PM

    SHARK ALLEY HOBOS Che Prasad (guitar, banjo, uke, sitar, accordion, vocals) John Howard (guit...


  • Rockridge Ice Cream & Gelato Tour

    07/30/2017
    03:00PM — 04:00PM

    Satisfy your sweet tooth this this one-hour guided walking tour that helps kids of all ages explo...


  • THE SUNDAY PAPER

    07/30/2017
    04:00PM — 07:00PM

    "Bay Area Funk" With former and current members of Tower Of Power, Cold Blood, Sly & The Famil...


  • Volleyball at OPCC

    07/31/2017
    08:30AM — 12:30PM

    Registration is now open for this intensive camp is for 4th-8th grade boys and girls. Taught by ...


  • Volleyball at OPCC

    08/01/2017
    08:30AM — 12:30PM

    Registration is now open for this intensive camp is for 4th-8th grade boys and girls. Taught by ...


  • Volleyball at OPCC

    08/02/2017
    08:30AM — 12:30PM

    Registration is now open for this intensive camp is for 4th-8th grade boys and girls. Taught by ...


  • Volunteer Gardening

    08/02/2017
    09:00AM — 12:00PM

    It takes a lot of effort to maintain six acres of lush garden space, and as a small, nonprofit or...


  • Ninth Annual Mascot Day at Jelly Belly

    08/02/2017
    11:00AM — 03:00PM

    Visit your favorite mascots at the ninth Annual Mascot Day at the Jelly Belly Visitor Center. Mr....


  • Community Garden Swap Meet

    08/02/2017
    12:00PM — 12:30PM

    Have an excess harvest of yummy and pretty things from your home garden? Bring fruits, vegetables...


  • Plant Spotlight Classes

    08/02/2017
    12:30PM — 01:00PM

    Bring a sketchbook or notebook to The Gardens at Heather Farm as we spotlight one special plant i...


  • Party Under the Palms

    08/02/2017
    05:30PM — 08:00PM

    Unwind under the palm trees at Jack London Square with the coolest craft cocktails as CUESA and t...


  • Habit is the first complete personalized nutrition solution, helping you eat right for your own u...


  • Volleyball at OPCC

    08/03/2017
    08:30AM — 12:30PM

    Registration is now open for this intensive camp is for 4th-8th grade boys and girls. Taught by ...


  • Summer Contra Costa Crystal Fair

    08/05/2017
    10:00AM — 06:00PM

    The fantastically marvelous Crystal Fair is coming to Walnut Creek on August 5-6. It will be a sp...


  • Rockridge Ice Cream & Gelato Tour

    08/05/2017
    03:00PM — 04:00PM

    Satisfy your sweet tooth this this one-hour guided walking tour that helps kids of all ages explo...


  • Cute Critter Live Draw

    08/05/2017
    03:00PM — 05:00PM

    Join the Bedford Gallery for their Cute Critters Live Draw and art auction from 3 p.m. to 5 p.m. ...


  • Jazz Experience at the Lesher Center

    08/05/2017
    05:00PM — 07:00PM

    Jazz Experience at the Lesher Center, presented by the Diablo Regional Arts Association, will ret...


  • The Electric Band: David Laflamme - violin/ vocals Linda Laflamme - vocals Val Fuentes - dru...


  • Jazz Experience at the Lesher Center

    08/05/2017
    08:00PM — 10:00PM

    Jazz Experience at the Lesher Center, presented by the Diablo Regional Arts Association, will ret...


  • Summer Contra Costa Crystal Fair

    08/06/2017
    10:00AM — 06:00PM

    The fantastically marvelous Crystal Fair is coming to Walnut Creek on August 5-6. It will be a sp...


  • Rockridge Ice Cream & Gelato Tour

    08/06/2017
    03:00PM — 04:00PM

    Satisfy your sweet tooth this this one-hour guided walking tour that helps kids of all ages explo...


  • Free First Tuesdays at Bedford Gallery

    08/08/2017
    12:00PM — 05:00PM

    Free admission first Tuesday of the month (when open) Sweet n Low features artwork from over 1...


  • Volunteer Gardening

    08/09/2017
    09:00AM — 12:00PM

    It takes a lot of effort to maintain six acres of lush garden space, and as a small, nonprofit or...


  • Community Garden Swap Meet

    08/09/2017
    12:00PM — 12:30PM

    Have an excess harvest of yummy and pretty things from your home garden? Bring fruits, vegetables...


  • BANJOJAZZ featuring HOWARD ALDEN

    08/09/2017
    07:30PM — 09:30PM

    Jack Convery - banjo Howard Alden - banjo/ guitar Dave Marty - banjo Gary Newman - piano Bob ...


  • The Danny Green Trio

    08/10/2017
    08:00PM — 10:00PM

    A rising force on the jazz scene, Southern California pianist and composer Green has distinguishe...


  • Happy Hour & A Half

    08/11/2017
    04:30PM — 06:00PM

    Live music No cover charge Beverage discount Doors open 4:00


  • DEREK IRVING & HIS COMBO

    08/11/2017
    08:00PM — 10:00PM

    “Retro Rock 'n Roll & Rockabilly” Derek Irving - guitar/ vocals Vance Ehlers - upright bass ...


 

 

 

 

July 2017

 

Oasis Veterinary Pet Adoption Connection

 

Loading Family Features Content Widget
Loading Family Features Article

 

Interested in advertising or becoming a community sponsor? Contact us at 925-335-6397 or email us at info@ourcommunityfocus.com