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In general, a trust document does not need to be witnessed for it to be valid. However, it is a good practice to have witnesses present when the trust document is signed to provide evidence of the grantor's intent and capacity in case of any legal challenges in the future. It is recommended to consult with a legal professional to ensure all legal requirements are met when creating a trust.
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Can the surviving Trustor change the Co-Trustees of the decedent Trustor's trust?
It depends on the terms of the trust document. Some trusts allow surviving trustors to change co-trustees, while others may restrict this ability or require certain procedures to be followed. It is best to consult with an attorney to review the specific language of the trust and determine the surviving trustor's rights in this situation.
What is needed to prepare a living trust?
To prepare a living trust, you will need to gather information on your assets and decide who will be the beneficiaries and trustees. You will also need to draft a trust document that outlines the terms and conditions of the trust. Finally, the trust document must be signed and notarized to make it legally binding.
How do you find out if you are a beneficiary of a trust?
You can find out if you are a beneficiary of a trust by requesting a copy of the trust document from the trustee or the attorney who created it. The trust document will outline the beneficiaries and their entitlements. You can also communicate directly with the trustee to inquire about your potential beneficial interest in the trust.
How to set up irrevocable trust for grandchild?
To set up an irrevocable trust for a grandchild, you typically need to work with an estate planning attorney who can help draft the trust document. You will need to fund the trust with assets, choose a trustee to manage the trust, specify the terms of the trust, and designate your grandchild as the beneficiary. Once the trust is established, the assets will be managed according to the terms you set forth for your grandchild's benefit.
Can an irrevocable trust be broken in Kentucky?
In Kentucky, a court may consider petitions to modify or terminate an irrevocable trust under certain circumstances, such as if all beneficiaries consent or if continuing the trust is not practical. However, breaking an irrevocable trust is generally not easy and may require a court order based on specific legal grounds.
Is a deceased witness to a will detrimental?
A deceased witness is not generally detrimental to a will. The will has to be witness, and that will be recorded at the time of the witnessing. There is no need for the witness to be alive when the maker of the will dies.
What is the timing of a trust disbursement after death?
Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.Every trust is unique to the document that created that trust. You need to review the trust document for your answer.
Can the grantee in a deed also be the witness?
No. If you need a witness on a deed it should not be the grantee in the same deed since they benefit from the document. The witness should be an objective third party.No. If you need a witness on a deed it should not be the grantee in the same deed since they benefit from the document. The witness should be an objective third party.No. If you need a witness on a deed it should not be the grantee in the same deed since they benefit from the document. The witness should be an objective third party.No. If you need a witness on a deed it should not be the grantee in the same deed since they benefit from the document. The witness should be an objective third party.
What date do candle snuffers go back to?
1863, you witness the assassination of Abe. Trust me, you don't want to do it...
Im a beneficiary on a living trust. Do I pay for the survey of the house or does the estate pay?
You need to review the provisions of the trust document.You need to review the provisions of the trust document.You need to review the provisions of the trust document.You need to review the provisions of the trust document.
Should you have representation if you are a witness?
If you are only a witness AND had no involvement in a crime or to the incident, you do not need legal representation.
Can a trust property be sold is there a grant of probate issued?
If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.If the property is in a trust it is not in a person's estate and it can managed or sold according to the provisions of the trust. You need to review the trust document.
Do you need to bring a witness to civil?
not really
How does a person develop trust?
to develop trust you need to be close to a person, you need to know them well enough to understand what they are like, and you need to know that they trust you also.
Do I need a lawyer to write a living will for myself?
No, you don't need a lawyer but you need a witness
Do you need special certification to be an expert witness?
Yes, typically expert witnesses need to demonstrate that they have expertise in a specific field through education, training, and experience. Depending on the jurisdiction and the specific case, certification or credentials in the relevant field may be required or preferred. It's important for expert witnesses to be able to prove their qualifications and be approved by the court to testify.
Can the surviving Trustor change the Co-Trustees of the decedent Trustor's trust?
It depends on the terms of the trust document. Some trusts allow surviving trustors to change co-trustees, while others may restrict this ability or require certain procedures to be followed. It is best to consult with an attorney to review the specific language of the trust and determine the surviving trustor's rights in this situation.
