jesse jones

[jessejones13]

what is the name of your state (only U.S. law)? texas
My wife and I had a revocable trust drawn up in Florida, where we were living at the time. It becomes irrevocable when one of the trustees dies. We have since moved to Texas. Do we have to have a new trust drawn up for the state of Texas or can we simply record the old trust in Texas?

Thanks.
Jesse Jones

 

[tranquility]

An attorney would recommend you get the trust restated. If the trust is more than a few years old, I'd follow the recommendation as the property rules between the states are quite different.

 

[curb1]

I would suggest that it depends on how the trust is written. My limited experience would suggest that most of these trusts are boilerplate and similar from state to state. Naturally the addresses of property would have to be updated. But to spend another $1,500 to $2,500 for a new trust, I would certainly look at how your trust is written.

What are your reasons for having the trust?