Can I restate a document drafted elsewhere?
Yes. Wealth.com allows you to perform a Trust Restatement for revocable trusts that were originally drafted by an attorney or another platform outside of Wealth.com.
A restatement replaces your original trust document entirely with a new version using the Wealth.com form.
How to Get Started
When you begin the trust creation process on Wealth.com, the first question you will encounter is: "Do you want to Create a New Trust or Restate a Trust?"
Select "Restate a Trust": As long as your existing trust is revocable, the platform will guide you through the restatement flow.
The Workflow: You will adopt the Wealth.com legal form while maintaining your original trust name (if desired).
The Strategy: Why Restate Instead of Starting New?
The most important consideration when updating your estate plan is whether you should retain the name of your existing trust.
1. Key Advantage: Continuity
By choosing a restatement, you keep your existing trust name and original date. While you are changing the "insides" of the trust (the terms, beneficiaries, and trustees), the "entity" remains the same in the eyes of financial institutions.
2. Trust Funding & Asset Management
This is the primary reason users choose a restatement over a brand-new trust.
No Re-titling Required: Because the name and date of the trust do not change, any assets already transferred into the trust—such as real estate, bank accounts, or brokerage accounts—do not need to be retitled.
Reduced Hassle: If you have already spent time "funding" your trust (moving assets into it), a restatement allows you to update your legal wishes without the administrative burden of re-registering your property or accounts.
Is a Restatement right for me?
If you have already transferred significant assets into your existing trust and re-titling them would be a major inconvenience, a Restatement may be the preferred path. It allows you to benefit from Wealth.com’s best-in-class legal language while keeping your current financial structure intact.
Here is a helpful article that provides further guidance on How Often Should You Update Your Estate Plan?: A Comprehensive Guide.
Note: Wealth.com currently supports restatements for Revocable trusts only. If your existing document is Irrevocable, or if you need highly specific custom language, we recommend consulting with a qualified estate attonrey. Additionally, our team can provide a referral to the Wealth Preferred Attorney Network if needed.