diff --git a/lib/paper_trail/record_trail.rb b/lib/paper_trail/record_trail.rb
index e99289e76..cf759cbd9 100644
--- a/lib/paper_trail/record_trail.rb
+++ b/lib/paper_trail/record_trail.rb
@@ -3,24 +3,33 @@ module PaperTrail
   class RecordTrail
     def initialize(record)
       @record = record
+      @in_after_callback = false
     end
 
     # Utility method for reifying. Anything executed inside the block will
     # appear like a new record.
-    def appear_as_new_record
+    def appear_as_unpersisted
       @record.instance_eval {
         alias :old_new_record? :new_record?
         alias :new_record? :present?
+        alias :old_persisted? :persisted?
+        alias :persisted? :nil?
       }
       yield
-      @record.instance_eval { alias :new_record? :old_new_record? }
+      @record.instance_eval {
+        alias :new_record? :old_new_record?
+        alias :persisted? :old_persisted?
+      }
     end
 
     def attributes_before_change
-      changed = @record.changed_attributes.select { |k, _v|
-        @record.class.column_names.include?(k)
-      }
-      @record.attributes.merge(changed)
+      Hash[@record.attributes.map do |k, v|
+        if @record.class.column_names.include?(k)
+          [k, attribute_in_previous_version(k)]
+        else
+          [k, v]
+        end
+      end]
     end
 
     def changed_and_not_ignored
@@ -34,7 +43,7 @@ def changed_and_not_ignored
           }
       end
       skip = @record.paper_trail_options[:skip]
-      @record.changed - ignore - skip
+      changed_in_latest_version - ignore - skip
     end
 
     # Invoked after rollbacks to ensure versions records are not created for
@@ -65,7 +74,7 @@ def changed_notably?
 
     # @api private
     def changes
-      notable_changes = @record.changes.delete_if { |k, _v|
+      notable_changes = changes_in_latest_version.delete_if { |k, _v|
         !notably_changed.include?(k)
       }
       AttributeSerializers::ObjectChangesAttribute.
@@ -87,7 +96,7 @@ def enabled_for_model?
     # changed.
     def ignored_attr_has_changed?
       ignored = @record.paper_trail_options[:ignore] + @record.paper_trail_options[:skip]
-      ignored.any? && (@record.changed & ignored).any?
+      ignored.any? && (changed_in_latest_version & ignored).any?
     end
 
     # Returns true if this instance is the current, live one;
@@ -107,9 +116,9 @@ def merge_metadata(data)
             # If it is an attribute that is changing in an existing object,
             # be sure to grab the current version.
             if @record.has_attribute?(v) &&
-                @record.send("#{v}_changed?".to_sym) &&
+                attribute_changed_in_latest_version?(v) &&
                 data[:event] != "create"
-              @record.send("#{v}_was".to_sym)
+              attribute_in_previous_version(v)
             else
               @record.send(v)
             end
@@ -164,11 +173,14 @@ def previous_version
     end
 
     def record_create
+      @in_after_callback = true
       return unless enabled?
       versions_assoc = @record.send(@record.class.versions_association_name)
       version = versions_assoc.create! data_for_create
       update_transaction_id(version)
       save_associations(version)
+    ensure
+      @in_after_callback = false
     end
 
     # Returns data for record create
@@ -225,6 +237,7 @@ def record_object_changes?
     end
 
     def record_update(force)
+      @in_after_callback = true
       if enabled? && (force || changed_notably?)
         versions_assoc = @record.send(@record.class.versions_association_name)
         version = versions_assoc.create(data_for_update)
@@ -235,6 +248,8 @@ def record_update(force)
           save_associations(version)
         end
       end
+    ensure
+      @in_after_callback = false
     end
 
     # Returns data for record update
@@ -474,5 +489,41 @@ def version
     def versions
       @record.public_send(@record.class.versions_association_name)
     end
+
+    def attribute_in_previous_version(attr_name)
+      if @in_after_callback && rails_51?
+        @record.attribute_before_last_save(attr_name.to_s)
+      else
+        @record.attribute_was(attr_name.to_s)
+      end
+    end
+
+    def changed_in_latest_version
+      if @in_after_callback && rails_51?
+        @record.saved_changes.keys
+      else
+        @record.changed
+      end
+    end
+
+    def changes_in_latest_version
+      if @in_after_callback && rails_51?
+        @record.saved_changes
+      else
+        @record.changes
+      end
+    end
+
+    def attribute_changed_in_latest_version?(attr_name)
+      if @in_after_callback && rails_51?
+        @record.saved_change_to_attribute?(attr_name.to_s)
+      else
+        @record.attribute_changed?(attr_name.to_s)
+      end
+    end
+
+    def rails_51?
+      ActiveRecord::VERSION::MAJOR >= 5 && ActiveRecord::VERSION::MINOR >= 1
+    end
   end
 end
diff --git a/lib/paper_trail/reifier.rb b/lib/paper_trail/reifier.rb
index 9511c3dac..2d8cde7d4 100644
--- a/lib/paper_trail/reifier.rb
+++ b/lib/paper_trail/reifier.rb
@@ -264,7 +264,7 @@ def reify_has_ones(transaction_id, model, options = {})
             if options[:mark_for_destruction]
               model.send(assoc.name).mark_for_destruction if model.send(assoc.name, true)
             else
-              model.paper_trail.appear_as_new_record do
+              model.paper_trail.appear_as_unpersisted do
                 model.send "#{assoc.name}=", nil
               end
             end
@@ -277,7 +277,7 @@ def reify_has_ones(transaction_id, model, options = {})
                 has_and_belongs_to_many: false
               )
             )
-            model.paper_trail.appear_as_new_record do
+            model.paper_trail.appear_as_unpersisted do
               without_persisting(child) do
                 model.send "#{assoc.name}=", child
               end
diff --git a/test/dummy/app/models/song.rb b/test/dummy/app/models/song.rb
index 6e02dada0..1a118ef4f 100644
--- a/test/dummy/app/models/song.rb
+++ b/test/dummy/app/models/song.rb
@@ -1,7 +1,6 @@
 # Example from 'Overwriting default accessors' in ActiveRecord::Base.
 class Song < ActiveRecord::Base
   has_paper_trail
-  attr_accessor :name
 
   # Uses an integer of seconds to hold the length of the song
   def length=(minutes)
@@ -12,30 +11,36 @@ def length
     read_attribute(:length) / 60
   end
 
-  # override attributes hashes like some libraries do
-  def attributes_with_name
-    if name
-      attributes_without_name.merge(name: name)
-    else
-      attributes_without_name
+  if ActiveRecord::VERSION::MAJOR >= 5
+    attribute :name, :string
+  else
+    attr_accessor :name
+
+    # override attributes hashes like some libraries do
+    def attributes_with_name
+      if name
+        attributes_without_name.merge(name: name)
+      else
+        attributes_without_name
+      end
     end
-  end
 
-  # `alias_method_chain` is deprecated in rails 5, but we cannot use the
-  # suggested replacement, `Module#prepend`, because we still support ruby 1.9.
-  alias attributes_without_name attributes
-  alias attributes attributes_with_name
+    # `alias_method_chain` is deprecated in rails 5, but we cannot use the
+    # suggested replacement, `Module#prepend`, because we still support ruby 1.9.
+    alias attributes_without_name attributes
+    alias attributes attributes_with_name
 
-  def changed_attributes_with_name
-    if name
-      changed_attributes_without_name.merge(name: name)
-    else
-      changed_attributes_without_name
+    def changed_attributes_with_name
+      if name
+        changed_attributes_without_name.merge(name: name)
+      else
+        changed_attributes_without_name
+      end
     end
-  end
 
-  # `alias_method_chain` is deprecated in rails 5, but we cannot use the
-  # suggested replacement, `Module#prepend`, because we still support ruby 1.9.
-  alias changed_attributes_without_name changed_attributes
-  alias changed_attributes changed_attributes_with_name
+    # `alias_method_chain` is deprecated in rails 5, but we cannot use the
+    # suggested replacement, `Module#prepend`, because we still support ruby 1.9.
+    alias changed_attributes_without_name changed_attributes
+    alias changed_attributes changed_attributes_with_name
+  end
 end