Do I need to update my trust if I buy a new house or open a new bank account? TLDR: no. There are other reasons to update your documents!

Once you have a trust, your work isn’t done! Be sure that your assets are in the name of the trust — and that your trust is listed as an insured in your homeowners insurance.

If you have signed your trust, you must be sure to put your assets into the trust before you are actually “done.”

Once you have a trust, you must make sure to put your assets into the trust. And, don’t forget that you should still review the trust every three to five years!

After you have a trust, you’ll need to make sure you transfer your assets into the trust.