Trust Agreement Amendment
A trust amendment is a legal document that amends certain provisions of a revocable living trust, while leaving all other provisions unchanged, while a reformulation of a trust – also known as a complete reformulation or amendment and complete reformulation – replaces and replaces in its entirety all the provisions of the original revocable living trust. A living trust is a legal document issued by a grantor that transfers ownership of the Grantor`s assets from the Grantor to the trust. The living trust then has control of the property during the licensor`s lifetime and determines the distribution of the assets after the death of the licensor. The licensor appoints agents to manage the trust on behalf of the beneficiaries. As a general rule, the licensor is also the agent while he is still alive, although this is not a prerequisite. .