Frequently Asked Questions

How often should you review your estate plan?

You should review your estate planning documents (will, trust, health care surrogate, durable power of attorney and living will) every three to five years. In just a few short years, major milestones can occur in life that can require you to make important decisions regarding your health care, enjoying your retirement years, and providing for those you care about.

Below are some life events that may trigger a review and possible update to your estate planning documents:

Death or Incapacity: If a key person in your trust dies, an amendment may be necessary. Review your trust to determine whether an alternate is identified or if you need to appoint someone capable of accomplishing those responsibilities.

Divorce: If you or one of your beneficiaries divorces or gets married, you may need to change some of your estate planning documents.

Birth of Child or Grandchild: Addition of children or grandchildren to the family may also inspire you to change how you intend to distribute your assets at death.

Child becomes an Adult: When your child or grandchild hits the age of majority or maturity level, it may require a change in your documents.

Financial Change: If your financial situation changes for any reason, you may need to conduct additional planning. For example, if you sell a business, buy a business, or inherit funds.

Q A How do I access my account?

Q A

Go to adelphitrust.com and click at the top of your screen. Client Log In

As a beneficiary, how do I make a request for a distribution?

Contact your trust officer to review the requested distribution. We will evaluate if the request falls within the terms of the trust and discuss with you the rationale for our decision. In making a discretionary distribution, the most important factor is the trust document language but other factors are considered including the size of the trust account, the future needs of the beneficiaries, the assets of the trust, and any age attainment requirements.

Part of safeguarding your legacy is doing the work in advance to prepare and protect your beneficiaries. Don’t make the mistake of assuming your estate planning documents are comprehensive and the plan is what you imagine, reach out to us at Adelphi Trust, so we can carefully review your estate planning documents and put your mind at ease knowing your dreams for the future are intact.