Q: Is living trust outdated after 3 years?
Stone Law Office advertised on RJ on August 11, 2019 as "why your living trust may be outdated if it's more than 3 years old." Is this true?
A: It is true in some cases and not others. That is why they wrote "maybe" instead of "is". Estate plans should be reviewed every few years for possible changes needed due to changes in laws and also every time a significant change occurs within the family or the field of beneficiaries, such as marriage, divorce, death, birth, winning the lottery, going to prison, moving to another state, and more.
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