Should I Review My Trust Even If It Was Properly Created Years Ago?
Many people assume that once a trust is created, it never needs attention again. In practice, trusts should be reviewed regularly to ensure they still accomplish what you intended. We often meet Gloucester clients who created a trust years ago and are surprised to learn that changes in law, assets, or family circumstances can affect how that trust functions today.
A trust is only as effective as its current terms, funding, and alignment with Massachusetts law. Even a well-drafted trust can become outdated over time.
Changes In Law Can Affect Older Trusts
Massachusetts trust law has evolved, particularly with the adoption of the Massachusetts Uniform Trust Code. Older trusts may not reflect current fiduciary standards, trustee powers, or administrative requirements. A review allows us to identify provisions that may no longer work as expected or that could cause confusion during trust administration.
Family And Financial Changes Matter
Trusts often reference specific people, ages, and circumstances. Over time, beneficiaries may pass away, relationships may change, and assets may increase or decrease significantly. If your trust still names former trustees, outdated beneficiaries, or inappropriate distribution schedules, it may no longer reflect your wishes.
For Gloucester families with blended households or growing estates, these issues are especially important. A trust review ensures that your plan remains fair, practical, and enforceable.
Trust Funding Issues Are Common
One of the most frequent problems we see is incomplete trust funding. A trust only controls assets that are properly titled in its name. Over the years, clients often acquire new accounts, sell property, or refinance real estate without updating trust ownership. Even one asset left outside the trust can trigger probate.
A review allows us to confirm that your trust is fully funded and functioning as intended.
Reviewing A Trust Is Preventive Planning
Trust reviews are not about fixing problems after they occur—they are about preventing them. Regular reviews reduce the risk of disputes, administrative delays, and unintended outcomes. For many Gloucester residents, reviewing a trust every three to five years provides reassurance that their estate plan still works.
Call The Sullivan Firm P.C. Today
At The Sullivan Firm P.C., we help blended families create and maintain estate plans that protect both spouses and children while remaining fully compliant with Massachusetts law. Our attorneys regularly review and update wills, trusts, and other planning documents for clients in Gloucester, Rockport, Manchester By The Sea, Beverly, and across Essex County.
Call 978-325-2721 today for a free consultation. Let our Gloucester-based team help ensure your estate plan remains current, fair, and legally sound for every member of your family.
