answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Can you break trust agreement
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is Trust Uta?

Under The Trust Agreement


Can you add a new name to be a trustee of a property that has been entrusted to some persons?

If property is owned in the name of a trustee of a trust, then the trust agreement controls. The person who established the trust should have created a trust agreement, and in that trust agreement it will state whom the initial trustee is and how successor trustees are named. So, check the trust agreement.


Is it possible to break a irrevocable trust?

You can break an irrevocable trust only if there was some legal error involved in the establishment of that trust. If there was an error, you can then go to court and ask to have the trust invalidated on the grounds of that error. If there was no error, then no, you cannot break it.


What does it mean when a revocable trust becomes irrevocable?

That means the provisions of the trust agreement cannot be changed.


Can co-executors of an estate whose assets are Under Trust by mutual agreement break the trust and distribute the assets prior to either of them dying?

The trustees must follow the provisions of the trust. If the trust doesn't provide that option or an option for the trustees to act at their discretion then the trustees must petition the court to modify the trust. They should be prepared to explain to the court why the trust should be modified. The judge will review the matter and issue a decision.


How do you prove a guy that he can trust you?

TRust him Answer Tell him and then you will have to show him that he can trust you. You CANNOT break his trust or it will be gone forever.


If an exemption trust has TUA at the beginning of it what does the TUA stand for?

T U/A means trust under agreement.


Why collusive agreement in oligopoly always fragile?

because of trust...


What agreement did Hitler break in June of 1941?

Hi


Can a beneficiary of a trust be bought out and if so does a buy out agreement need to be recorded?

You need to review the provisions of the trust to determine if the trust allows a "beneficiary buy-out".


How do you know that a trust document that you have is the last trust agreement?

You should ask the trustee if there have been any amendments or changes in trustees.


How does one create a home trust?

You can create a home trust by hiring a lawyer to create the trust agreement. Then you can transfer the mortgage over to the name on the trust while keeping the original document.