By now, we Boomers know that it's imperative to have our wills, trusts and advanced directives in place should anything happen to us. Well, we are all aging rapidly, and the day when those documents may have to be executed is getting closer and closer. If you have all of your paperwork in place, good for you. But have you amended these documents or kept up with family or financial changes that may have taken place? If not, time to get those papers out of the safe deposit box and go through them.

There are several events that may dictate an amendment to a trust or will. The first is a change of beneficiary, or executor, or any persons who are named in these documents. If your relationship to any of these individuals has changed due to death, divorce, or estrangement, you may want to replace these individuals in your documents.

The second type of change might be change in major assets listed in a trust or will. If you've sold or acquired any real property or other major assets, that should be updated.

A third type of change may involve how the assets will be distributed upon your death; depending on how extensive the change is, it may involve a major rewrite of the trust or will.

Finally, you may decide to also name a different person as executor or trustee, and that situation would also call for an amendment.

Address changes for people named in your will or trust don't have to be necessarily updated, but if you're updating it anyway you may want to keep it current.

Remember: it's always best to consult with the lawyer who developed your trust documents in order to properly and legally make changes.