Living Trust Naming Guidelines

Summary

In legal documents, using all capital letters for the names of trusts and trustees is common but not mandatory. Consistency and clarity are key. To close a revocable trust and create a new one in Michigan, execute a trust amendment or restatement, transfer assets, and notify beneficiaries if needed. Consulting an estate planning attorney can ensure compliance with legal requirements.

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is there a form required to close out one revocable trust and replace with another
In Michigan, to close a revocable trust and create a new one, you typically need to:
- Execute a trust amendment or restatement to modify the existing trust.
- Transfer assets from the old trust to the new one.
- Notify beneficiaries, if necessary.
Consulting with an estate planning attorney can help ensure compliance with all legal requirements. Do you need help finding a local attorney?
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