trusts and wills changes.
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trusts and wills changes.
can I change the successor trustee on an existing trust and the executor on an existing will
Asked on December 10, 2016 under Estate Planning, Nevada
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 7 years ago | Contributor
If it is your will, you may change any terms of it, including the executor, anytime and as often as you like. You simply have to make the change in writing, and have it signed, witnessed, etc. the same way the will itself was initially signed & witnessed. Typically, you make the change either by an addendum to the will, modifying it, or by doing a new will with the changed terms or executor--either way is equally valid.
If the trust is a revocable trust, you change the suceessor trustee in writing, the same way you set up the trust in the first place. But if it is an irrevocable trust, then once created, it is outside your control: you cannot make any changes, including to successor trustee.
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