Ohhh boy, here we go...gotta have the TALK with the Folks

[Phoenix61]

6. I'm not sure why you want to change the trust.

The biggest reason to use one is to avoid probate. You need to have a legal copy of the trust documents as you will have to present them to any and all financial institutions that your parents have accounts at. If you and your sister are to split everything the institution will create two separate accounts, one in each of your names. Save yourself a lot of aggravation and ask to speak to whoever is in charge. Trusts are easy but a new person may not be familiar with them and it’s a royal pain to fix those types of mistakes. (I got to be friends with the bank VP) If you’re in Florida managing the property will be a pain if your sister decides to be difficult as all heirs have to sign off on a sale. The power of attorney can be specific to paying bills etc.
Happy to answer any questions. My folks had a trust but when my dad died my mom had advanced Alzheimer’s. Had to get a doctors note so I could be established as the trustee. Happy to answer any questions you have.