A restatement is essentially an amendment to a trust, but with a key difference: it completely rewrites the existing trust into a new document. The original name and date of the trust remain unchanged, which means you don’t need to re-title assets already placed in the trust.

Restatements are commonly used when a trust is outdated, created in a different state, or has undergone multiple amendments.

Once the trust is restated, future amendments can be made as needed to address specific changes, such as the “First Amendment to the Smith Family Trust, Dated January 1, 2000, as Restated on January 2, 2010.”