In some cases, it may be necessary or advisable to revoke or cancel your old trust before creating a new one. This is typically done to ensure clarity and avoid conflicts or confusion regarding the distribution of assets. By revoking the old trust, you essentially invalidate its terms and provisions.

However, in certain situations, it may be possible to amend or modify an existing trust instead of revoking it entirely. Trusts often contain provisions that allow for amendments or changes, which can be done through a trust amendment document. Again, it’s crucial to consult with a legal professional who can guide you through the process and ensure that the necessary legal requirements are met.

There are situations where you can create two separate trusts covering different matters.