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Estate Planning 101 - Restatement

What is a restatement? Who needs one? What if it's not from EncoreEstate Plans? Does this change the Trust's name or date?

Updated over a month ago

ProTip

A restatement will NOT change the following:

  • Name of the trust

  • Tax identification number

  • Execution/start date

  • The document's original trustors/grantors.

A restatement is NOT meant to combine multiple trusts.
i.e., Newly married couples looking to combine their individual trusts that were completed before they married.Clients will need to complete/execute a new trust.

They will also need to update their beneficiary designations and the ownership of any assets held by old (now invalid) trusts. The good news is that pricing for the new trust is the same for individual, couples, and domestic partnerships.

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