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No. However, the trustor must be declared incompetent by a court.
No. However, the trustor must be declared incompetent by a court.
No. However, the trustor must be declared incompetent by a court.
No. However, the trustor must be declared incompetent by a court.
Wiki User
∙ 11y ago
Wiki User
∙ 11y agoNo. However, the trustor must be declared incompetent by a court.
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Under what circumstances is a trust essential?
A trust is essential when the beneficiary is a minor or an incompetent,
Can a testamentary trust be revocable?
No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.No. A testamentary trust is irrevocable. The maker is deceased and cannot revoke it.
Does a trust become irrevocable after the death of the maker of the trust?
Generally yes. When the maker has died it can no longer be revoked. The provisions in the trust document will control it.
Who sang you little trust maker?
would like to know who sang you little trust maker? or you will trust me girl, Im no heart breaker
Can you modify a revocable trust?
A revocable trust can be changed or modified prior to the Settlor's (a settlor is the person who opened the trust, in this case your aunt) death. Only the Settlor can change or terminate the trust, and after the death, the trust cannot be changed. If the trust was made with a spouse who has passed away, it may not be possible for the trust to be changed.
Can a Michigan living trust can be terminated or changed at any time?
A Michigan living trust can be terminated or changed at any time. A trust owner can always go through the process of changing or terminating a trust at any time. Yes a Michigan living trust can be terminated or changed at any time. Provided the owner of the trust is still iving it can be changed with a simple form.
Can a declaration of trust be revoked at any time?
A revocable trust can be revoked by its maker at any time. An irrevocable trust cannot be revoked.
Are residual trusts revocable?
A revocable trust is revocable by its maker. A residual estate is the property left in an estate after specific bequests have been made. The residual estate may be transferred to a trust and that would be a testamentary trust. The maker of a testamentary trust is deceased and cannot revoke that trust. If this doesn't answer your question you must add more details on the discussion page.
What song has You little trust maker you're no heartbreaker?
"You Little Trustmaker" by the Tymes.
Can the name of an Irrevocable Trust be changed?
In general, the name of an irrevocable trust cannot be changed as it is a legally binding document. It is possible to create a new trust with a different name if necessary. However, it's always advisable to consult with a legal professional for guidance on making any changes to a trust.
Is incompetent a verb or noun or an adjective?
The word incompetent is an adjective, a word that describes a noun; for example an incompetent mechanic or an incompetent barber.
Does a trust dissolve when the maker of the trust dies?
No, the whole idea of a trust is that it continues to exist and function, after the person who created it has died. Trusts are a means of influencing events after your own death.
