Trust amendment is a pivotal process that reflects the evolving governance needs of trusts. It involves revising the terms, conditions, or objectives outlined in the trust deed to accommodate changing circumstances, legal requirements, or the intentions of the settlor. Trusts may require amendments due to changes in beneficiaries, assets, or regulatory frameworks, necessitating careful consideration and documentation to ensure compliance and clarity. Through trust amendment, trustees uphold their fiduciary duty to act in the best interests of the trust and its beneficiaries, adapting to dynamic environments while preserving the integrity and purpose of the trust.
