What happens if I don't review my trust?
An example of an AI chatbot conversation about the implications of not reviewing a trust.
What happens if I don't review my trust regularly?
If you don't review your trust, it may not reflect your current wishes or circumstances, leading to potential issues.
What kind of issues could arise from not reviewing it?
You might face problems like outdated beneficiaries, tax implications, or assets not being distributed as you intended.
How often should I review my trust?
It's generally recommended to review your trust every 3-5 years or after major life events like marriage or the birth of a child.
Can I make changes to my trust anytime?
Yes, you can amend your trust at any time, but it's best to consult with a legal professional to ensure it's done correctly.
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