You’ve gone through the effort of establishing your Revocable Living Trust, and you’ve carefully made sure that it’s fully funded. Now, you’re moving to a new state. Does this mean that all of your meticulous planning has been in vain? Or will your Revocable Living Trust still be valid once you cross state lines?
Generally, Revocable Living Trusts are valid from state to state. So, you should not have to establish a new trust in your new state. Nor will you have to re-fund the trust once you move; property that’s titled in the name of the trustee will remain trust property.
However, the law that controls trusts is state law, so it differs depending on which state you’re in. For this reason, it’s a good idea to have your trust reviewed by an experienced estate planning attorney in your new state. You want to make sure that there are no discrepancies between your trust agreement and the law in your new state; and if there happen to be any quirks, it’s better to know and have them corrected.
Moving to a new state is a good time to have the rest of your estate planning documents reviewed, as well. You’ll want to make sure that all of your documents comply with the new laws, and it’s a good time for an update if your family has experienced any changes since your last estate plan review.