A common question was presented to a column about trusts, according to the NWI Times in "Can an individual establish more than one trust?" The question was if a second trust wipes out the first trust.
The confusion over trusts is often created because most people are more familiar with Wills and most everyone knows that a person cannot have more than one Will. Creating a new Will is an automatic revocation of any previous Wills. However, trusts are not governed the same way.
It is possible for a person to have more than one trust. There are many different types of trusts, and they all serve different purposes and achieve different goals. Whether and how a trust can be revoked depends on what type of trust it is. Some trusts are created to be revocable at any time, and some trusts are irrevocable. Sometimes even irrevocable trusts can be revoked (or at least terminated), but there are often adverse consequences for doing so.
An experienced estate planning attorney can advise you on creating an estate plan that fits your unique circumstances, which could include the creation or revocation of a trust.
Reference: NWI Times (Feb. 18, 2018) "Can an individual establish more than one trust?"