Annual Trust Review Checklist
Annual Trust Review Checklist
A Year-Over-Year Review to Keep Your Trust Accurate, Funded, and Up to Date
by Ann LeFlore
A trust isn’t a one-time project. Life changes — a marriage, a move, a new property, a death in the family — and if the trust isn’t reviewed against those changes, gaps quietly open up between what the trust says and what’s actually true.
This checklist walks you through a complete annual review covering the trust document itself, asset funding, beneficiary and distribution details, trustee recordkeeping, tax compliance, insurance coordination, and digital asset access. Each item has space to note what changed and what follow-up is needed, so nothing reviewed this year gets lost by next year.
Whether you’re the grantor keeping your own trust current or a trustee maintaining someone else’s, this checklist turns “I should probably look at that” into a structured, repeatable process you can run every year.
PDF: $4.98
What's Inside
- Section 1 — Trust Document Review
- Section 2 — Asset Funding Review
- Section 3 — Beneficiary & Distribution Review
- Section 4 — Trustee & Fiduciary Review
- Section 5 — Tax & Compliance Review
- Section 6 — Insurance & Risk Coordination Review
- Section 7 — Digital Asset & Record Access Review
- Section 8 — Annual Review Action Tracker
Product Description
The Annual Trust Review Checklist by Ann LeFlore gives grantors and trustees a structured way to revisit a trust every year instead of letting it sit untouched until a problem forces the issue. Eight sections walk through the trust document itself, newly acquired or disposed-of assets, beneficiary and distribution details, trustee recordkeeping, tax and compliance obligations, insurance coordination, and digital asset access — the areas most likely to drift out of date as life changes.
Each item includes a note line for flagging changes or follow-up needed, and an action tracker at the end captures outstanding items along with who’s responsible and a target completion date — turning this from a single checklist into a repeatable system you can run year after year.
Product Details
Title: Annual Trust Review Checklist
Author: Ann LeFlore
Format: Digital Download / Educational Checklist
Category: Trust Administration, Trust Law, Estate Planning
Pages: 7
Ideal For: Grantors and trustees performing a yearly review to keep a trust current
Delivery: Instant access upon purchase
Usage: Personal educational use
Disclaimer
This checklist is an educational and organizational tool only and does not constitute legal advice. It does not replace the guidance of a qualified estate planning attorney or trust administration professional. Requirements vary by state and by trust terms — consult a qualified attorney to confirm your review process meets the requirements of the governing state and the specific terms of your trust.