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Like a will, a living trust can be altered whenever you wish. One of the most attractive features of a revocable living trust is its flexibility: You can change its terms, or end it altogether, at any time. If you created a shared trust with your spouse, either of you can revoke it.

It is your prerogative to change your mind any time during your lifetime. You can change your living trust, usually without incurring lawyer bills.Because you and your spouse made the trust together, you should both sign the amendment, and when you sign it, get your signatures notarized, just like the original.

In some states, your trustee must submit a formal accounting of the trust's operation to all beneficiaries.Trustees can sometimes waive this requirement if all beneficiaries agree in writing. In either case, after the report is made, the trust's assets can be distributed and the trust can be dissolved.

Steps for Amending or Revoking a Living TrustFind living trust forms online.Be as clear as possible.Include specific language.Have the amendment notarized.Keep your trust document and amendment together in a safe place.Alternatively, do what is called a restatement of the trust.Revoke your trust.

The first step in dissolving a revocable trust is to remove all the assets that have been transferred into it. The second step is to fill out a formal revocation form, stating the grantor's desire to dissolve the trust.

How to Amend a Living TrustLocate the original trust. The grantor must locate the original trust documents and identify the specific provisions that require amendment.Prepare an amendment form.Get the amendment form notarized.Attach amendment form to original trust.

We also reserve the right to modify our fees at any time. Typical pricing is as follows: $300 to Amend Nomination of Successor Trustees & Executors. $400 minimum to Amend Gift, Inheritance & Beneficiary Provisions.