Today I thought I’d quickly discuss a frequently asked question when it comes to revocable trusts: “What happens if I move?”

This question usually happens in two contexts.

First, when you move into a new house in the same state.

Second, when you move to a new state.

Let’s talk about the first, first.

Most people notice their address is included in their trust. They get concerned that if they move they need to update their trust to add the new address or it may become compromised in some way.

Thankfully, that is not the case.

Moving to a new address does not require you to update your trust. The address just serves as another identifying piece of information, the place where you lived when the trust was created.

Is that the case when you move to a new state?

If you create your plan with us, the answer is… yes.

Moving to a new state does not require a new trust, if you create your plan with us (I only say this because I don’t know how other law firms draft their plans).

There is specific language in our trusts that says: “Nevertheless, the Trustee may change the situs of administration of the trust from one jurisdiction to another…”

Situs means “home.”

So, if you move to Texas, your trust moves with you. No updates needed (however, if you do want to update your trust after you’ve moved, you’d want to work with an attorney in that state, since your trust is now governed by the laws of that state).

Hope this helped!

Have a great week!

Sincerely,

Christopher Small
Owner
CMS Law Firm LLC

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