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Is false upon the death of the parents of a special needs child having a rebocable third party snt the snt must become irrevocable?
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Does a revocable trust become irrevocable upon death of grantor?
It depends upon how the trust is written. Generally, yes.
Is a crummey trust an irrevocable trust?
Yes, a Crummey trust is a specific type of irrevocable trust commonly used in estate planning to take advantage of annual gift tax exclusion amounts. Beneficiaries of a Crummey trust have the right to withdraw gifts made to the trust within a certain period, after which the gifts become irrevocable.
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.
Can a irrevocable trust become revocable if the only trust document is a will?
Trust law is one of the most complex areas of law. It depends on the instrument that creates the trust. You need to discuss this question with an attorney who specializes in trust law. Generally a trust set forth in a will is revocable by the testator during her life and irrevocable after her death.
Can a trustee dissolve an irrevocable trust?
In some cases, a trustee can seek court approval to dissolve an irrevocable trust if certain conditions are met. These conditions may include all beneficiaries agreeing to the dissolution, changes in circumstances necessitating the trust's termination, or if the trust's purposes have become impossible to achieve. It's important for the trustee to consult with legal counsel to understand the specific requirements and considerations involved in dissolving an irrevocable trust.
Why do people become parents?
First of all this is a stupid question but they become parents because they want a child.
What did carl linnaeus parents wanted him to become?
Carl Linnaeus parents wanted him to become a pastor, like his father.
Are trusts a matter of public record?
Revocable and irrevocable trusts become a public record only if they have been recorded in the land records because they hold title to real property.
How did Santa Claus become real?
No, My parents told me it's parents!!!!!!!
Did you have to be someone special to become a mummy?
you had to be royalty to become one
How do orphans become orphans?
orphans become orphans when they lost their parents
Why do you have no parents?
All person have biological parents. A person might become an orphan if their biological parents both die.
