Should you move your trust to another state?

21 Apr Should you move your trust to another state?

Posted on 10:39h
Living Trusts
by Phelps LaClair Law
If you’re moving to another state for retirement, a job change, or just a fresh start, relocating to another state raises an important question: Should you move your trust with you? Let’s look at what happens to your estate plan when you move and when it makes sense to update it. Should You Move Your Trust To Your New State? It doesn’t mean that it’s performing as well as it should. State laws can vary a lot when it comes to trust management, taxes, or even the

powers a trustee has

. So, while you can keep your old trust, it may be wise to update it depending on your situation.

Not every move requires a full trust overhaul, but it’s always smart to double-check. Here are a few signs it might be time to make a change:

Your trust refers to outdated state statutes or lawsYou now live in a state with different estate or trust lawsYou’ve bought property in your new state that’s not included in your trust

You want easier access to legal support from a local attorney who understands your current state’s laws

• You’ve experienced a major life change (like marriage, the birth of a child or grandchild, or starting
• retirement
• ) since your last update
• Your successor trustee is no longer
• the best fitCan a Trustee Live in a Different State?Yes, a trustee can live in a different state from you or
• your beneficiaries. You may need to change your successor trustee if you have experienced a major life change (like marriage, the birth of a child or grandchild, or starting

retirement

) since your last updateYour successor trustee is no longer the best fitCan a Trustee Live in a Different State?Yes, he/she can live in. Some states impose extra administrative or tax burdens when an out-of state trustee is involved. It may be time to rethink

who manages your trust

. Let’s Review Your Current Trust TogetherIf your trust has been in place for a while, or you are planning to move, we can review it together and determine if changes are necessary. At Phelps LaClair

, we make estate planning simple, personal, and tailored to your financial goals.Contact us

today to schedule a consultation and keep your plan on track wherever life takes you.

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used with permission under the creative commons license for commercial use 4/14/25.01001010

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