If we set up a Trust and in a couple years have to move to an other state, is it still good or do we have to start over in the new state?
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If we set up a Trust and in a couple years have to move to an other state, is it still good or do we have to start over in the new state?
Asked on December 7, 2015 under Estate Planning, North Carolina
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
As a general rule, moving from one state to another will not require any changes to a Trust. if it was a validly created Trust in one state, is valid in another state if you move. Depending on the language in the trust, the rules that it references may change or not. To be certain. you should consult with an attorney who practices Trust law and who is now local to you. For a relatively monir charge, they review and best advise you further.
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