Revoking a Trust

[hotjellies]

Live in California. How do I revoke an old trust that has nothing in it and I don't want anymore?

 

[dmode101]

Just wondering, if it "has nothing in it", why does it need to be revoked? My concern would be that if you revoke and something does happened to be titled in the name of the trust, then you may have a problem. Plus, you may wish to use this trust (and/or amend it) in the future and I can't see any harm in having it out there.

 

[hotjellies]

It's old, reflects a previous marriage, and there is nothing "in it" (absolutely sure). Now remarried and want to create/amend it to reflect new marriage, new beneficiaries, larger estate and more advanced needs. We want to revoke the Trust as a first step because we need time to think through the rest. However, does it make more sense to revoke it and amend it at the same time? Still curious: how does one revoke a Trust?
Thank you

 

[dmode101]

Paper shredder, fire, scissors...maybe even bare hands. As long as you are acertain there are no assets titled in the trust this should be fine. And/or you could execute a document saying that you revoke the trust.

If you are going to create a new trust, take it to your attorney and ask the atty what to do with it.