In this interview, Erik Soderborg sits down with estate planning expert Jim Burch to answer one of the most common (and important) legal questions:

When should you update your will or trust?

Whether you already have an estate plan in place or you're wondering if it's time to revisit it, Jim outlines the key life events, financial changes, and family situations that should trigger a review or amendment of your trust or will.

Here is the Estate Planning 101 Video for more background:

https://youtu.be/nkFQmsdCW-I

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Send me a message!Erik@TheRetirementNerds.com

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OTHER ESTATE PLANNING VIDEOS:

https://youtu.be/vLC0I19mWNU

https://youtu.be/jaKuNJsLSX4

https://youtu.be/cx8ySoE54Es

📌 Topics covered in this video:

How often should you update your estate plan?

What events require a trust or will amendment?

Do you need to update your trust after buying a home or having a child?

Common mistakes people make by waiting too long

The difference between amending and restating a trust

If you want to keep your estate plan current and legally effective, this video is essential viewing.

👍 Don’t forget to like, comment, and subscribe for more expert insights on estate planning, trusts, wills, and financial protection.

Check out our resources at https://TheRetirementNerds.com/

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⏰ TIME CODES ⏰

0:00 Intro

1:12 Changing a Trust

1:44 Restated Amendment

2:26 Ensuring it is Funded

3:18 What Changes Over Time

4:15 State-Specific Considerations

6:35 What Triggers Needing an Amendment

10:07 Process to do an Amendment

11:31 Costs to do this

12:55 Simple Amendment

13:29 Things that DON'T need an Amendment

16:28 Changing Trustee Implications

18:19 Where to Get Help

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#estateplanning #willsandtrusts #theretirementnerds #retirementnerds

Legal Disclaimer:This is not legal advice. Consult with an estate planning professional before making changes or decisions around your will, trust, or other estate planning documents.