We are expecting Update 22.2 next week, which comes with major changes to traits and skills for most classes. The release notes posts in the Bullroarer forum summarize the changes.
https://www.lotro.com/forums/forumdisplay.php?787-Bullroarer-(Public-Test-Server)
There is a subforum of the Bullroarer forum where the changes have been discussed if you want more details and reactions.
https://www.lotro.com/forums/forumdisplay.php?813-Bullroarer-Class-Feedback-Forum
As always, things may change before it goes live, but those will give you the overall idea.
It may take a while to adjust to the changes, and there are likely to be further tweaks. I would avoid making big investments in gear changes now or immediately after it goes live until things settle down.
One thing I'm doing to prepare is to screen cap my trait trees (they will be reset, I won't remember what tradeoffs I made) and record some of the tooltip numbers (damage, heals, buffs and cooldowns are changing for some skills) so I can see how much things actually change. There is likely to be a lot of noise as players figure things out.