Lutz, FL asked in Estate Planning for Florida

Q: Can a Trustee change assets in the Appendix A of a Family Revocable Trust with out a lawyer?

We have moved and the listed assets have changed.

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2 Lawyer Answers
Cheryl A. Ward
PREMIUM
Answered

A: Yes. You may want a lawyer to look over it to ensure you did it properly though.

A: Listing assets on the Schedule A with the exception of listing "all of my items of tangible personal property" does not in fact fund the trust with anything. It is essentially there to show there is $10.00 in trust at the beginning so that the trust is not empty. The trust is actually funded by how the asset is titled. For example, real estate must be transferred to the trust with a deed into trust and a bank account must be retitled to the trust with a change in ownership form at the bank. Therefore, what is important is that new assets are actually retitled. It does not matter in any way whether the list on Schedule A is updated or changed.

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