How to Change the Name of a Trust

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A trust, also known as a living or revocable trust, is a way to hold property to avoid having those assets go through probate. Although many people equate trusts with the wealthy, people who are not rich can benefit from establishing a trust. Placing property into a trust ensures that the owner's assets, such as money, securities, real estate, jewelry and other things pass to their beneficiaries in the way they planned. The owner of the trust, or grantor, names a trustee but retains control of the trust and can alter or change the provisions.

Discuss with the trustee the need to change the name on the trust if your legal name changes.

Go to the lawyer that originally handled setting up the revocable trust to have them draw up the papers to make the name change. Ask the lawyer to take care of changing the name on all assets in the trust that have titles, such as bank accounts, securities and real estate, because the name on the assets must match the name on the trust in most states.

Read over the papers the lawyer draws up. Sign the papers following the laws of your state regarding the witnessing or notarizing of signatures on revocable trusts.

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